Brigade Group to Develop 8 acres Residential Project on Tumkur Road, Bengaluru with GDV of Rs. 1100 crores

Brigade Group has announced a joint development residential project in West Bangalore's Tumkur Road. Spread across 8 acres, the project will encompass a total development area of about 1.2 million square feet with an estimated Gross Development Value (GDV) of about Rs. 1,100 crores. The project, consisting primarily two and three bedroom apartments, has been planned such that it incorporates maximum lung space with lush green landscaping and a range of modern amenities. This project reflects Brigade's ongoing planned investment in Bangalore's real estate market, to meet the evolving needs of the dynamic urban homebuyer. With a focus on quality construction and sustainable practices, Brigade remains dedicated to shaping the city's skyline and enriching communities.

Commenting on the development, Pradyumna Krishnakumar, Executive Director, Brigade Enterprises Limited said, "Bengaluru's residential real estate market is experiencing tremendous growth and we are excited to be part of this growth momentum. This project will be a significant landmark in this micro market of Tumkur Road and is in addition to our planned pipeline of over 12 million square feet of residential developments planned across Bengaluru, Chennai and Hyderabad in the coming year. It aligns with our strategic vision to expand our presence in key growth corridors of Bangalore and our commitment to provide unparalleled living experience to our home buyers. West Bangalore is increasingly being favored for residential developments owing to its excellent connectivity and existing infrastructure."

The area features prominent shopping hubs, entertainment zones, and established office spaces, creating a vibrant living environment. Its strategic location also offers easy access to the city center, enhancing convenience for residents.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1367.10 as compared to the previous close of Rs. 1366.10. The total number of shares traded during the day was 4415 in over 799 trades.

The stock hit an intraday high of Rs. 1396.00 and intraday low of 1360.65. The net turnover during the day was Rs. 6058274.00.

Source : Equity Bulls

Keywords

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