Page 2 - Brigade Enterprises

Brigade Enterprises' property sales rise 31% to ₹7,847cr in FY 2024-25

Realty firm Brigade Enterprises sold properties worth Rs 7,847 crore last fiscal, an annual increase of 31 per cent, on better demand for its residential properties. In its latest investors presentation, Bengaluru-based Brigade Enterprises said that the company achieved "pre-sales of Rs 7,847 crore in FY25, a growth of 31 per cent over FY24". Its sales bookings or pre-sales stood at Rs 6,013 crore in the 2023-24 financial year. As per the presentation, out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth Rs 7,567 crore and commercial properties valuing Rs 280 crore. Its pre-sales volume for 2024-25 stood at 7.05 million square feet. The average realization stood at Rs 11,138 per square foot during 2024-25, an increase of 40 per cent over FY24, driven by the launch of premium projects. The company launched the highest-ever area of 9.5 mn square feet comprising 11 projects in the last fiscal. On Wednesday, Brigade Enterprises reported an 18

Realty firm Brigade Group acquires 5.4 acres in Chennai for ₹441.7 crore

Brigade Enterprises acquires 5.41-acre land in Chennai's Velachery for ₹441.7 crore, strengthening its position in the city with a project worth ₹1,600 crore

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In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.

Brigade Enterprises Q4 results: Net profit rises 18% to Rs 249 crore

Realty firm Brigade Enterprises on Wednesday reported an 18 per cent increase in consolidated net profit to Rs 249.35 crore for the March quarter. Its net profit stood at Rs 210.86 crore in the year-ago period. Total income, however, fell to Rs 1,532.29 crore in the March quarter of the previous fiscal year from Rs 1,762.62 crore in the year-ago period. During the 2024-25 fiscal year, the company's net profit rose to Rs 680.47 crore from Rs 401.04 crore in the preceding year. Total income rose to Rs 5,313.54 crore in the last fiscal year from Rs 5,064.15 crore in the 2023-24 financial year. The board of directors has recommended a final dividend of Rs 2.5 per equity share for 2024-25. Brigade is one of the leading real estate developers in the country.

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Brigade buys land near ITPL, plans Rs 2,000 cr Bengaluru office project

Brigade Group will develop 1.5 million sq ft of commercial space in Whitefield, Bengaluru, after acquiring 11 acres opposite ITPL, with a GDV exceeding Rs 2,000 crore

Brigade Enterprises aims ₹175 cr revenue from 20 acre project in Bengaluru

Realty firm Brigade Enterprises Ltd will develop a 20-acre project, comprising residential plots, in Bengaluru with an estimated revenue of Rs 175 crore. In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. "... The project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet," it said. The company did not mention the name of the landowner with whom it has signed the JDA. "We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation," Pavitra Shankar, Managing Director, Brigade Enterprises, said. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to

Why investors are buying Brigade Enterprises shares today? Check here

The northward move in the Brigade Enterprises shares came on the back of the news that the company has signed a joint development agreement for a plotted development project in Malur, East Bengaluru

Brigade Enterprises share price gains 5%; here's what sparked the rally

The rise in the share price came after the Brigade Group signed a deal to develop 10 acres and 37 guntas of prime land in Mysuru, with a GDV of approximately ₹225 crore

Oberoi Realty, Sobha: Nifty Realty falls 4%; What's worrying investors?

Oberoi Realty, Godrej Properties, Prestige Estates were down over 3 per cent, Macro Tech Developers, Phoenix Mills, DLF, Sobha, and Brigade Enterprises slipped 2 per cent

Brigade buys 4.4 acre land in Bengaluru, tragets Rs 950 crore revenue

Realty firm Brigade Enterprises has acquired 4.4 acres of land in Whitefield Bengaluru to develop a housing project with an estimated revenue of Rs 950 crore. In a regulatory filing on Monday, the company said it will develop a premium residential project with a total development potential of 0.6 million (6 lakh) square feet and a Gross Development Value of approximately Rs 950 crore. Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio. Established in 1986, Brigade Group is one of India's leading property developers. Brigade has developed many projects across South and West India. Bengaluru-based Brigade has a presence in residential, office and retail segments of real estate as well as hotel business.

Brigade Enterprises launches Rs 2,700 cr housing project in Bengaluru

Realty firm Brigade Enterprises targets Rs 2,700 crore revenue from its new housing project in Bengaluru. In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project 'Brigade Eternia' in Yelahanka, Bengaluru. The project, spread over 14.65 acres, will have 1,124 residential units with a total built-up area of about 20 lakh square feet. "The project has a revenue potential of over Rs 2,700 crores," Brigade said. The project will be completed by March 31, 2030. Pavitra Shankar, Managing Director of Brigade Enterprises, said, "North Bangalore, particularly Yelahanka, is emerging as a key micro market with immense growth potential." Established in 1986, Brigade Group is one of India's leading property developers. Brigade has developed many projects in South India. As per the PropEquity data, housing sales in Bengaluru fell 9 per cent to 60,506 units in 2024, from 66,600 units in the preceding year.

Here's why Brigade Enterprises share price jumped 4% in trade on March 7

The surge in Brigade Enterprises share came after the company launched a residential project 'Brigade Altius' in Chennai with a revenue potential of Rs 1,700 crore

Brigade Enterprises jumps 8% on posting Q3 results; PAT up 221%; rev up 25%

As per the filing, in Q3, the company's net bookings in the real estate segment stood at 2.19 mn sft with a sale value of Rs 2,492 crore and collections stood at Rs 1,777 crore

Brigade Enterprises Q3 result: Net profit rises threefold to Rs 236 cr

Realty firm Brigade Enterprises on Wednesday reported a more than three-fold jump in its consolidated net profit to Rs 236.24 crore in the December quarter on strong demand for residential and commercial properties. Its net profit stood at Rs 73.49 crore in the year-ago period. Total income rose to Rs 1,529.68 crore in the October-December period of this fiscal from Rs 1,208.18 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Brigade Enterprises sale bookings rose 63 per cent to Rs 2,492 crore in the December quarter, a growth of 63 per cent compared to the year-ago period. "We have observed robust growth across all our business verticals during the quarter. Growth in the residential business continues in terms of pricing and volume driven by the launches of premium projects and a strong pipeline of launches in the coming quarters," Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said. She said the company's

Nifty Realty records sharpest intraday fall in 7 months; tanks 6% today

Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent

Brigade Group's mixed-use project in Hyd targets Rs 3,300 cr in home sales

The project spans approximately 10 acres and is designed to be Hyderabad's most integrated lifestyle mixed-use development

Brigade Group to invest about Rs 4,500 crore in Hyderabad project

Realty firm Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop an integrated 10-acre housing and commercial project in Hyderabad to expand the business to encash strong demand for luxury homes and premium office-retail spaces. Bengaluru-based Brigade Enterprises launched its new mixed-use project 'Brigade Gateway' on Wednesday at Neopolis Kokapet, Hyderabad. "We will develop a 45 lakh square feet mixed-use project in Hyderabad, of which around 25 lakh square feet will be luxury homes," the company's Executive Director Amar Mysore told PTI. Asked about project cost, he said the total investment in land and construction will be around Rs 4,500 crore. The investments will be met through equity, collections from customers against sales and construction finance. Elaborating on the project, Mysore said the company will build 600 flats in this project. Initially, it plans to sell half of it in a price range of Rs 4 crore to Rs 12 crore each. The company will also devel

Brigade Enterprises shares rise after acquiring 20 acres land in Bengaluru

As per the filing, the project will have a total saleable area of approximately 2.5 Mn sqft with a gross development value (GDV) of about Rs 2,700 crore

Brigade Enterprises Q2FY25 results: Reports 46% increase in sales value

The company's revenue, however, declined by 19 per cent on an annual basis