Brigade to Develop a Luxury Residential Project next to Mysore Golf Club with a Gross Development Value of Rs 300 crores

Brigade Group has signed a Joint Development Agreement (JDA) to develop luxury residences of around 0.4 Mn Sft in Mysuru, with a Gross Development Value (GDV) of Rs. 300 crores. Located in Kurubarahalli, next to the JW Golf Club Mysuru, the project will be spread over 4 acres. The JDA will add to Brigade Group's residential portfolio in Mysuru of over 25 residential projects that includes recent deliveries like Brigade Symphony, Brigade Topaz, Brigade Mountain View, and Brigade Palmgrove, and earlier successes such as Brigade Splendour, Brigade Citadel, Brigade Solitaire, and many others.

"Brigade has been a strong brand in Mysuru over the last 3 decades. This luxury project will consist of large units including penthouses, designed with premium ameniƟes and situated right next door to the Mysore Golf Club with beauƟful views of Chamundi Hills. With this new launch, we reaffirm our commitment to this growing city." said Ms. Pavitra Shankar, Managing Director, Brigade Enterprises Limited.

Brigade Group has a strong pipeline over the next year, of around 13 million square feet in Bengaluru, Hyderabad, and Chennai, of which 11 million square feet is from residential projects.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 844.70 as compared to the previous close of Rs. 837.95. The total number of shares traded during the day was 15185 in over 1391 trades.

The stock hit an intraday high of Rs. 889.65 and intraday low of 838.00. The net turnover during the day was Rs. 12912896.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 JDA LuxuryResidences Mysuru