Brigade Group signs JDA for Prime Land Parcel for Luxury Residential Project with Senior Living in Mysuru

Brigade Group has signed a Joint Development Agreement (JDA) for a new luxury residential project on Bogadi Road, near the proposed Outer Ring Road, Mysuru, on a land parcel, measuring 5 acres and 12 guntas. The proposed project will feature a meticulously planned residential development of approximately 0.45 million square feet, with a Gross Development Value (GDV) of ₹300 crores. The project will include 25% senior living spaces and 75% luxury apartments comprising 2 and 3 BHK units. These residences will be complemented by state-of-the-art amenities and a thoughtfully curated clubhouse to ensure a vibrant and inclusive community experience. The project is located on Bogadi Road, just 4.5 kilometers from Brigade's landmark Brigade Palmgrove Villa Project.

Speaking about the development, Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "This land deal is a significant milestone in our efforts to expand our footprint in Mysuru. As part of Brigade Group's long-term strategy, we aim to bring thoughtfully designed residential spaces to key markets like Mysuru, and nurture vibrant communities that symbolise quality, innovation, and holistic living. This project is in line with our vision of creating inclusive communities and caters to diverse lifestyle needs, while maintaining the highest standards of quality and innovation."

With its strategic location, exceptional design, and premium offerings, this new venture reflects Brigade Group's commitment to redefining urban living while meeting the growing demand for luxury housing with senior living options.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 977.00 as compared to the previous close of Rs. 992.95. The total number of shares traded during the day was 7983 in over 559 trades.

The stock hit an intraday high of Rs. 1008.05 and intraday low of 965.00. The net turnover during the day was Rs. 7830113.00.

Source : Equity Bulls

Keywords

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