Brigade Group Signs JDA for First Plotted Development in East Bengaluru

Brigade Group has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. Spanning approximately 20 acres, the project has a gross development value (GDV) of approximately ₹175 crore and a total development potential of 0.45 million square feet.

Commenting on the development, Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said: "We continue to identify high-potential land parcels that align with our long-term vision of creating wellplanned communities with a focus on quality, sustainability, and innovation. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to key hubs in Bengaluru. With improving infrastructure and enhanced accessibility, more homebuyers are exploring well-connected, affordable living options beyond the city's core. Through this development, we aim to introduce a thoughtfully designed residential offering that enhances value for homebuyers while contributing to the region's growth."

This marks Brigade Group's first plotted development project in East Bengaluru, reinforcing its presence in one of the city's expanding residential corridors.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 1006.55 as compared to the previous close of Rs. 985.60. The total number of shares traded during the day was 6831 in over 604 trades.

The stock hit an intraday high of Rs. 1011.55 and intraday low of 979.55. The net turnover during the day was Rs. 6820962.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty JDa PlottedDevelopment EastBengaluru