Brigade Group, has entered into a Joint Development Agreement (JDA) to develop a premium 'Grade A' office space on Sankey Road in Bengaluru's Central Business District. With a developable area of around 0.20 million square feet, the project has a Gross Development Value of around ₹500 crores.
Speaking about the development, Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited said, "This development aligns seamlessly with our commitment to expanding our commercial portfolio. This is a marquee property, and we are happy to be developing it. Further, we are confident that this project will perfectly align with the growing need of an ideal solution for professionals seeking top-tier work facilities."
In recent quarters, Brigade has witnessed increasing tenancy enquiries, which is an indication of improving corporate sentiments. This strategic agreement is testament to Brigade Group's commitment to deliver high quality sustainable commercial spaces in Bengaluru's evolving urban landscape.
Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 847.30 as compared to the previous close of Rs. 871.55. The total number of shares traded during the day was 15788 in over 1345 trades.
The stock hit an intraday high of Rs. 869.95 and intraday low of 843.00. The net turnover during the day was Rs. 13445647.00.