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Brigade Enterprises signs JDA for residential project in Chennai; stk up 6%

The Joint Development Agreement is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai

Brigade Group
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Brigade Group logo (Credit: www.brigadegroup.com)

SI Reporter New Delhi
Shares of Brigade Enterprises surged 5.8 per cent to Rs 467 apiece on the BSE, in an otherwise weak market, on Tuesday after the company announced signing of a Joint Development Agreement to develop around 2.1 million square feet in Chennai. At 9:30 AM, shares of the real estate player were ruling 4.5 per cent higher at Rs 461 as against a 0.65 per cent dip in the benchmark S&P BSE Sensex.  

The JDA is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai, witnessing increasing infrastructure development. 

"South India will continue

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First Published: Jun 28 2022 | 9:56 AM IST

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