Brigade Group Signs JDA to Develop a Residential Project on Old Madras Road, Bengaluru

Brigade Group has signed a Joint Development Agreement (JDA) to develop a residential project spread across 6.9 acres with a total development potential of around 0.8 Mn Sqft and Gross Development Value of Rs. 720 Cr.

The land is lake facing and located in the prime neighbourhood of Old Madras Road. The main USP of the project is its proximity to micro-markets like Indiranagar and Whitefield, in addition to good connectivity to other important parts of the city. The project will be in line with Brigade's innovative design, commitment to sustainability and amenities that for a contemporary living experience.

Pavitra Shankar, Managing Director of Brigade Enterprises Limited said, "We continue to see sustained demand for housing, driven by the need for homes with more space and practical amenities in strategic locations. This new residential development reflects our ongoing efforts to meet this demand by delivering quality homes that cater to customers' needs. Another step in our plan to create vibrant communities and enhance the living experience for residents."

Brigade Group has a healthy pipeline of new launches of around 12.61 Mn Sft in Residential across Bengaluru, Chennai and Hyderabad.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1264.35 as compared to the previous close of Rs. 1267.80. The total number of shares traded during the day was 44669 in over 3446 trades.

The stock hit an intraday high of Rs. 1299.00 and intraday low of 1247.45. The net turnover during the day was Rs. 56704848.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty JointDevelopmentAgreement ResidentialProject OldMadrasRoad Bengaluru Bangalore