Brigade Enterprises Inks ₹2,500 Crore Joint Development Deal for East Bengaluru Residential Project
Brigade Enterprises has signed a Joint Development Agreement for a 10.75-acre residential project in East Bengaluru. The project has a potential saleable area of 2.5 million square feet and an estimated gross development value of ₹2,500 crores. This strategic expansion aims to capitalize on the area's growing real estate market. The company has disclosed this information in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.
Brigade Enterprises has announced a significant expansion of its residential development portfolio in East Bengaluru. The company has executed and registered a Joint Development Agreement (JDA) with a landowner for a large-scale residential project, marking a notable addition to its real estate ventures.
Project Details
The newly signed agreement covers a land parcel of 10.75 acres in East Bengaluru. Key highlights of the project include:
- Potential Saleable Area: 2.5 million square feet
- Estimated Gross Development Value: ₹2,500.00 crores
Strategic Expansion
This move represents a strategic expansion for Brigade Enterprises in the East Bengaluru market, which has been seeing significant growth in recent years. The company's decision to enter into this joint development agreement indicates its confidence in the area's real estate potential and demand for residential properties.
Regulatory Compliance
In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements, Brigade Enterprises has officially disclosed this material information to the National Stock Exchange of India Limited and BSE Limited. The company has also made this information available on its official website, www.brigadegroup.com , ensuring transparency for its stakeholders.
Market Impact
While the specific timeline for the project's commencement and completion has not been disclosed, this substantial investment is likely to have a positive impact on Brigade Enterprises' long-term growth prospects. The ₹2,500.00 crore estimated gross development value underscores the scale and potential profitability of this venture.
As the real estate sector continues to evolve, particularly in high-growth urban areas like Bengaluru, Brigade Enterprises' latest move positions it to capitalize on the increasing demand for quality residential spaces in the city's eastern corridor.
Investors and market watchers will likely keep a close eye on the progress of this project and its potential impact on the company's future performance and market position in the competitive Bengaluru real estate landscape.
Historical Stock Returns for Brigade Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.95% | -1.38% | -8.30% | -5.67% | -30.08% | +420.20% |