Brigade Group Launches Brigade Belvedere with a Revenue Potential of over ₹1,100 Crores

Brigade Group has announced the launch of Brigade Belvedere, a 10.75-acre residential development situated on Budigere Main Road, off Old Madras Road in East Bengaluru. This initial phase of the development includes two of five planned towers, comprising 773 premium residential units. With an estimated revenue potential exceeding ₹1,100 Crores, the project is positioned such that it caters to the increasing demand for high-quality, sustainable housing near the city's major IT corridors and commercial hubs. The development offers 1, 2, and 3 BHK configurations, with sizes ranging from 715 sq. ft. to over 2,013 sq. ft.

Commenting on the launch, Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, "Brigade has an extensive presence in this corridor of Bengaluru, with marquee projects including mixeduse developments in this area. Through this project, we will be setting further benchmarks for urban living in East Bengaluru. The Budigere and OMR micro markets are witnessing unprecedented growth due to improved infrastructure and connectivity. Our focus will continue to remain on delivering climate-resilient, technologically advanced homes that ensure long-term value for our customers. Brigade Belvedere is one more project in which we have committed to net zero carbon, and part of our organization wide efforts to be Net Zero by 2045."

Brigade Belvedere provides residents with unparalleled access to major corporate offices, hotels, reputed educational institutions, and healthcare facilities. The project is situated in close proximity to high-street retail and popular shopping malls including Orion Uptown, ensuring a seamless urban lifestyle. The units are thoughtfully designed to maximize natural light and ventilation, featuring expansive decks that provide a private outdoor retreat for every family.

The lifestyle amenities of the project include a 24,000 sq ft. Grand Clubhouse, complemented by an additional 6,000 sq ft. of amenities to foster community engagement and provide residents with world-class fitness and leisure activities.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 670.70 as compared to the previous close of Rs. 646.40. The total number of shares traded during the day was 20291 in over 1617 trades.

The stock hit an intraday high of Rs. 675.00 and intraday low of 651.35. The net turnover during the day was Rs. 13486142.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty BrigadeBelvedere ResidentialDevelopment EastBengaluru