Brigade Group announces strategic land acquisition in Whitefield, East Bengaluru

Brigade Group, one of India's leading real estate developers, has acquired a land parcel of about 4.4 acres in Whitefield, East Bengaluru. The company will develop a premium residential project with a total development potential of 0.6 million square feet and a Gross Development Value of approximately ₹950 crore.

“This project will not only enhance our portfolio but also offer an exceptional living experience for our customers. Strategically, this land parcel aligns perfectly with our vision for premium residential development. The deal underlines our commitment to growth, innovation, and redefining luxury living in Bengaluru. With Whitefield's prime location and robust infrastructure, we are confident this project will set new benchmarks in the segment," said Pavitra Shankar, Managing Director of Brigade Enterprises Limited.

Situated in Whitefield, East Bengaluru, the project will benefit from the area's excellent connectivity and thriving social infrastructure. The development will feature state-of-the-art amenities and high-end specifications, ensuring a premium lifestyle for its residents and will offer a mix of spacious apartments designed to meet the needs of contemporary families.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 992.95 as compared to the previous close of Rs. 965.10. The total number of shares traded during the day was 44803 in over 3329 trades.

The stock hit an intraday high of Rs. 1030.05 and intraday low of 973.65. The net turnover during the day was Rs. 45064397.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty BrigadeGroup LandParcel Acquisition Whitefield EastBengaluru