Brigade Enterprises Limited , a prominent real estate developer, has announced a significant expansion of its residential portfolio in Bengaluru. The company has entered into a joint development agreement for a luxury housing project in East Bengaluru, marking a strategic move in one of India's most dynamic real estate markets.

Project Details

The newly announced project showcases Brigade's commitment to premium residential developments:

• Location: East Bengaluru
• Land Area: Approximately 10.75 acres
• Saleable Area: 2.5 million square feet
• Gross Development Value (GDV): ₹2,500.00 crore

Strategic Significance

Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., emphasized the strategic importance of this development: "Bengaluru is our primary market, and this new development reflects our strategic commitment to focus on high-quality developments in premium micro-markets that combine connectivity, infrastructure, and lifestyle appeal."

Project Highlights

• Premium Location: The project is situated in proximity to key commercial hubs and social infrastructure, catering to the needs of modern urban dwellers.
• Target Audience: Designed to meet the aspirations of modern homeowners and investors.
• Future Vision: Represents Brigade's vision for the future of urban living in Bengaluru, focusing on efficiency, sustainability, and community.

Market Impact

This large-scale project is expected to play a pivotal role in attracting a new generation of aspirational homebuyers to the rapidly evolving East Bengaluru area. The development aligns with the growing demand for luxury residential spaces in India's tech hub.

Company Background

Brigade Group, established in 1986, has a strong track record in property development across various Indian cities. With nearly four decades of experience, the company has built a reputation for creating positive experiences and trust among its stakeholders.

Investor Relations

Brigade Enterprises has also announced a series of upcoming meetings with analysts and institutional investors, indicating strong interest from the financial community in the company's growth strategies and market position.

This new project in East Bengaluru further solidifies Brigade Enterprises' position as a key player in India's real estate sector, particularly in the premium residential segment.

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.