Brigade Group Submits EOI worth Rs.1500 Crores at Invest Kerala Global Summit

Brigade Group to invest ₹ 1,500 crores in Kerala with a potential employment for around 12,000 people over the next five years. Brigade Enterprises Limited, the flagship Company of Brigade Group has submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025, in the presence of Shri Pinarayi Vijayan, Hon. Chief Minister of Kerala. The EOI is for Brigade's further expansion in Kerala. It proposes to set up its second World Trade Center (WTC) in the State with the first being WTC Kochi. In addition, Brigade is looking to expand its footprint in Kerala with a residential project in Kochi and a Luxury Island resort at Vaikom. These projects are expected to be completed by 2030. The Government of Kerala will provide the necessary support and regulatory facilitation subject to applicable laws.

Last month, Brigade had entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and allied amenities, developing around 1.5 million sq.ft of infrastructure, spread across a cluster of towers in Thiruvananthapuram. Brigade already signed and initiated the expansion of WTC in Kochi Infopark with its 3rd Tower, taking its IT infrastructure to over a million sqft. With the proposed development of a Luxury Island resort and Residential project, Brigade plans to bring in appx Rs 1500 crores investment to the state in the coming years.

Commenting on the development, Vineet Verma, MD, WTC Trades & Projects P Limited, a Brigade Group Company said, "Kerala, with its supportive environment, continues to be our focus area across Commercial, IT Office space, Hospitality and Residential developments. These sectors have shown great promise in terms of growth and potential during the last few years. Also, Kerala is an established hotspot for IT/ITES & Tourism. This in turn will drive overall demand. We are confident that with the support of the Kerala Government, we will be able to contribute to the growth of the State."

With close to 4 decades s of experience in Real Estate, Brigade has established its brand in developing premium projects for its customers. In recent years, Brigade's developments of the WTC Kochi and Four Points Sheraton are testaments to the Group's commitment towards building Kerala's real estate landscape.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1008.55 as compared to the previous close of Rs. 1016.20. The total number of shares traded during the day was 5353 in over 602 trades.

The stock hit an intraday high of Rs. 1048.00 and intraday low of 1002.55. The net turnover during the day was Rs. 5471837.00.

Source : Equity Bulls

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