Brigade Group to Develop a Residential Project on Whitefield-Hoskote Road, Bengaluru with Gross Development Value of Rs. 2700 Cr+

Brigade Group has signed a definitive agreement for a prime land parcel located on Whitefield-Hoskote Road, Bengaluru. Spanning about 20 acres, the residential project will have a total saleable area of approximately 2.5 Mn Sqft, a Gross Development Value (GDV) of about Rs. 2700 Cr, and a total land cost of about Rs. 630Cr., through its subsidiary Ananthay Properties Private Limited.

The project will be designed in line with BrigadeÕs commitment to delivering high-quality, sustainable spaces that align with Bengaluru's dynamic urban landscape. Whitefield, Bengaluru's largest and most prominent IT hub, has evolved into one of the city's most desirable neighbourhoods. With its thriving job market, the area continues to attract homebuyers seeking proximity to their workplaces. The seamless connectivity through road, rail, and the upcoming Metro extension further enhances WhitefieldÕs appeal, making it an ideal location for both professionals and investors.

Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., stated, "We remain focused on acquiring prime land in key markets to strengthen our land holdings. This project plays a significant role in supporting our long-term residential expansion strategy. We are committed to developing a property that upholds the highest standards of quality and sustainability, while meeting the evolving needs and preferences of our future residents."

Brigade Group also has a healthy pipeline of upcoming residential projects, with approximately 12.61 million square feet of new developments across Bengaluru, Chennai, and Hyderabad.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1293.30 as compared to the previous close of Rs. 1276.95. The total number of shares traded during the day was 8272 in over 865 trades.

The stock hit an intraday high of Rs. 1303.00 and intraday low of 1251.65. The net turnover during the day was Rs. 10701896.00.

Source : Equity Bulls

Keywords

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