Brigade Enterprises Limited (BEL) has announced the launch of its latest residential offering, Brigade Lakecrest, a premium development strategically located beside Bhattarahalli Lake on Old Madras Road, Bengaluru. This ambitious project marks a significant expansion of Brigade's footprint in one of India's most dynamic real estate markets.

Project Details

The Brigade Lakecrest project, developed under a Joint Development model, boasts impressive statistics:

Luxurious Amenities

Brigade Lakecrest is designed to offer a blend of luxury and natural beauty. Key features include:

• Expansive balconies with lake views
• A grand double-height clubhouse
• Generous open green spaces
• Layered landscape design
• Recreational zones

The project's location ensures excellent connectivity to major employment hubs and social infrastructure, including Whitefield, Marathahalli, and Indiranagar.

Strategic Importance

Pavitra Shankar, Managing Director of Brigade Enterprises Limited, emphasized the strategic importance of this development, stating, "This development enhances our already strong presence in Bengaluru in a key submarket with excellent social infrastructure as well as growth potential. With its premium positioning and connectivity, Brigade Lakecrest strengthens our growth pipeline and reinforces our focus on sustainable expansion across South India."

Adapting to Modern Lifestyles

Recognizing the evolving needs of homebuyers, Brigade Lakecrest offers flexible living spaces. Select units feature dedicated areas for home offices or study rooms, catering to the increasing demand for work-from-home setups.

Corporate Governance Update

In a separate announcement, Brigade Enterprises Limited disclosed changes in its leadership team. Mr. Jayant B Manmadkar has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) due to personal reasons, effective from October 9, 2025. The Board of Directors has appointed Mr. Pradyumna Krishna Kumar as the Interim CFO and KMP, effective October 10, 2025, until a permanent CFO is appointed.

Brigade Enterprises Limited continues to demonstrate its commitment to growth and adaptability in the dynamic Indian real estate market. With projects like Brigade Lakecrest and strategic corporate decisions, the company is positioning itself for sustained success in the coming years.

Brigade Enterprises Limited (BEL), a prominent player in India's real estate sector, has announced a significant change in its top management. Jayant B Manmadkar, the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has tendered his resignation due to personal reasons, primarily related to a family member's health condition necessitating his relocation from Bengaluru to Mumbai.

Management Transition

The Board of Directors of Brigade Enterprises, in a meeting held on August 22, 2025, acknowledged Manmadkar's resignation, which will take effect from the closing business hours on October 9, 2025. To ensure a smooth transition, the Board has appointed Pradyumna Krishna Kumar, currently serving as the Executive Director, as the Interim CFO and Key Managerial Personnel of the company.

Kumar's appointment as Interim CFO will commence on October 10, 2025, and will continue until a permanent CFO is appointed. This decision was based on recommendations from both the Audit Committee and the Nomination and Remuneration Committee.

About Pradyumna Krishna Kumar

Pradyumna Krishna Kumar, aged 42, brings a wealth of experience to his new role:

• Over 16 years of experience in investor relations and private equity work
• Associated with Brigade Group since 2009
• Successfully facilitated numerous land acquisitions
• Handles all necessary documentation in his current role
• Holds a Bachelor of Commerce degree from the University of Madras
• Earned an MBA from the Asian Institute of Management in Manila, Philippines

Recent Business Development

Coinciding with this management change, Brigade Enterprises has also announced a significant business development. The company has entered into a long-term lease agreement for a prime 7-acre site located on Old Mahabalipuram Road (OMR) in Chennai, one of the city's most dynamic commercial corridors.

This strategic move aligns with Brigade's growth strategy in Chennai and will result in a landmark mixed-use development featuring:

• Over 1 million square feet of Grade A office space
• A 5-Star Deluxe Hotel with approximately 225 keys

Commenting on this development, Pradyumna Krishna Kumar stated, "Chennai continues to be a key component of our growth strategy, and this long-term lease underscores our commitment to strengthen our presence in the city's most promising corridors."

The project aims to cater to the growing demand for premium commercial infrastructure and hospitality experiences in Chennai's IT and innovation hub, further solidifying Brigade Enterprises' position in the real estate market.

As Brigade Enterprises navigates through these changes, the company remains focused on its mission of building positive experiences for all stakeholders and maintaining the trust of its customers across its diverse portfolio of residential, office, retail, hospitality, and education sector developments.