Brigade Group Signs JDA for Premium Residential Development in Mysuru

Brigade Group has signed a deal to develop 10 acres and 37 guntas of prime land in Mysuru through a Joint Development Agreement (JDA). This strategic acquisition marks another milestone in Brigade's commitment to expanding its presence in Mysuru, which already has about 30 projects across Residential, Office, Retail and Hospitality.

The project, with a gross development value (GDV) of approximately ₹225 crore and a total development potential of 0.37 million square feet, is set to redefine premium residential living in the region. The development will feature premium plots spanning over 8 acres, and premium apartments spread over 2 acres. The project is strategically located in the heart of Mysuru and is designed to cater to the aspirations of modern homebuyers seeking a harmonious blend of luxury, convenience, and community living.

Speaking on the development, Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., said, "Mysuru holds immense potential as a growth hub, thanks to its unique blend of cultural richness and rapidly advancing infrastructure. The city has witnessed a clear uptick in real estate activity in recent years, especially following the improved connectivity brought about by the Bengaluru-Mysuru expressway. As the largest Tier 2 market in Karnataka, Mysuru continues to attract discerning homebuyers seeking a high quality of life.

This project is located with excellent access to the Bengaluru-Mysuru highway, making it both a convenient and aspirational address. It reflects our vision to create premium residential spaces that resonate with the evolving aspirations of the city's residents. Having had a long-standing presence in Mysuru, we remain committed to delivering exceptional living experiences while contributing to the city's sustainable growth. With continued investments in key markets, we believe this development will set new benchmarks in quality and innovation."

The uniqueness of the project includes its integrated design, premium offerings, and prime location, ensuring seamless connectivity and convenience for residents.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 898.10 as compared to the previous close of Rs. 949.70. The total number of shares traded during the day was 21277 in over 1557 trades.

The stock hit an intraday high of Rs. 915.45 and intraday low of 812.85. The net turnover during the day was Rs. 18565424.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty JointDevelopmentAgreement PrimeLand Mysuru PremiumResidentialProject