Brigade Group forays into plotted development in Bengaluru; Stock gains over 1%

23 Mar 2022 , 11:35 AM

Brigade Enterprises Limited, the south-based real estate company has entered into the plotted development space with a 66-acre residential project in Devanahalli, Bengaluru. The project is a strategic joint development that will offer plot sizes ranging from 1,200 square feet to 2,400 square feet.

“The entry into the plotted development space is a significant milestone for Brigade Group, augmenting our presence in all major segments of the commercial and residential real-estate sectors,” MR Jaishankar , Chairman and Managaing Director Brigade Enterprises said.

In Q3FY22, Brigade reported sales of 1.1 mn sft valued at rs684 crore in its residential business alone. While Bangalore continues to be primary contributor. Brigade will continue to focus on the South Indian market, and is aiming to increase the contribution of Chennai and Hyderabad markets in its overall portfolio.

At around 11.38 am, Brigade Enterprises Ltd was trading at Rs516.35 per piece up by Rs7.1 or 1.39% from its previous closing of Rs509.25 per piece on the BSE.