Brigade Group on September 8 announced that it has signed a joint development agreement for a luxury residential project in East Bengaluru, with an estimated gross development value of around Rs 2,500 crore.
The project will span across 10.75 acres of land, with a total saleable area potential of 2.5 million square feet, the conglomerate said. "The project will be designed to meet the dynamic aspirations of modern homeowners and investors alike. The project is in proximity to key commercial hubs and social infrastructure," it added.
Speaking about the launch, Brigade Enterprises Managing Director Pavitra Shankar said, "Bengaluru is our primary market, and this new development reflects our strategic commitment to focus on high quality developments in premium micro markets that combine connectivity, infrastructure, and lifestyle appeal. The location is rapidly evolving as a premium residential corridor, and we believe that this project will play a pivotal role in attracting a new generation of aspirational homebuyers."
"This project also represents our vision for the future of urban living in Bengaluru – where efficiency, sustainability, and community come together, and we are excited to bring it to life for homebuyers," Shankar added.
The announcement was made in the post market hours of September 8. The stock will be kept under focus tomorrow when the markets open.
Earlier during the day, Brigade Enterprises shares closed in the marginal green at Rs 910.70 apiece. The stock has fallen over 1.5 percent in the past five days, and nearly 4 percent in the past one month. The stock has so far tumbled nearly 27 percent in 2025. Its P/E ratio currently stands at around 29.35.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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