BRIGADE ENTERPRISES TO DEVELOP RESIDENTIAL PROJECT IN BENGALURU; SHARES UP 3%

Brigade Enterprises share price gained 3 percent in the opening trade on July 4 as the company plans to develop a residential project in Bengaluru.

At 09:24 am, Brigade Enterprises was quoting at Rs 1,410.90, up Rs 43.80, or 3.20 percent, on the BSE.

Brigade Group has announced a joint development residential project in West Bangalore’s Tumkur Road, which is spread across 8 acres.

The project has a total development area of about 1.2 million square feet with an estimated Gross Development Value (GDV) of about Rs 1,100 crore.

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In June the company signed an agreement to develop a third tower of the World Trade Center (WTC) at Infopark Kochi, which is expected to be completed in three years.

The Rs 150-crore project will be developed by Brigade Group, with a built-up space of 2.6 lakh square feet.

Also, the company announced its plan to invest Rs 8,000 crore in Chennai by 2030 to expand its business.

Brigade Group also announced the launch of Brigade Icon Residences as part of its high-end mixed-use development projects in Chennai. The residences will have a GDV of around Rs 1,800 crore.

2024-07-04T04:29:46Z dg43tfdfdgfd