Page 2 - Brigade Group

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

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

Bengaluru's NW Corridor may see 16-19 mn sq ft commercial stock by 2030

The region is emerging as one of Bengaluru's fastest-growing secondary business districts (SBD), driven by rapid real estate activity and infrastructure development

Brigade Group inks pact for Rs 300 cr luxury housing project in Mysuru

The land parcel spans 5 acres and 12 guntas. The project will offer 0.45 million square feet of planned residential space

Nikhil Kamath's Gruhas, Brigade launch Rs 300 cr realty-focused fund

Both partners have contributed about 15% each to the overall Rs 200 crore Sebi-registered Category II AIF, which includes a Rs 100 crore green-shoe option

Brigade Group to invest Rs 1,500 cr in Kerala to grow real estate biz

Real estate company Brigade Group on Friday said it will invest Rs 1,500 crore in Kerala as part of its expansion plan. The investment will help create employment opportunities for around 12,000 people over the next five years. Brigade Enterprises Ltd, the flagship company of Brigade Group, has submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025, the company said in a statement. The group proposes to set up its second World Trade Center (WTC) in the state with the first being WTC Kochi. In addition, Brigade is looking to expand its footprint in Kerala with a residential project in Kochi and a luxury island resort at Vaikom. These projects are expected to be completed by 2030. The Kerala government will provide the necessary support and regulatory facilitation subject to applicable laws. Established in 1986, Brigade Group is one of India's leading property developers. It has developed many projects across South India in the cities of Bengaluru, Mysur

Brigade Group Q3 results: PAT jumps 3-folds to Rs 236 cr, revenue rises 27%

Net bookings in the real estate segment for Q3 FY25 stood at 2.19 million square feet, with a sale value of Rs 2,492 crore

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: Net profit down 11% to Rs 118.98 cr

Realty firm Brigade Enterprises Ltd on Wednesday reported an 11 per cent decline in its consolidated net profit to Rs 118.98 crore in the September 2024 quarter. Its net profit stood at Rs 133.50 crore in the year-ago period. Total income also fell to Rs 1,138.13 crore in the second quarter of this fiscal compared to Rs 1,407.92 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country.

Brigade Group eyes Rs 800 cr revenue from Chennai real estate project

Realty firm Brigade Group on Thursday said it will develop a mixed-use project in Chennai with an estimated revenue of Rs 800 crore. In a regulatory filing, Brigade Group said it has signed a Joint Development Agreement (JDA) to develop a residential project of around one million sq ft in Chennai. The project will be developed as part of a 1.5 million sq ft mixed use development. The project will have a gross development value (GDV) of about Rs 800 crore, Brigade said in a statement. "This joint development agreement for a 1 million sq ft residential development, forming part of a larger mixed-use development, underscores our commitment to the city's growth and our vision to deliver world-class residential, commercial, retail and hospitality spaces," Brigade Enterprises Managing Director Pavitra Shankar said. By inking this strategic joint development, Brigade Group said it has further solidifies its position as a leading real estate developer in Chennai. Established in 1986, Bri

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP). Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd. Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes. The company may raise up to Rs 180 crore through a Pre-IPO Placement. If the placement is undertaken, the issue size will be reduced. Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises Lt

Brigade Group Q1 results: Net profit rises 285.7%, revenue at Rs 1,113 cr

Additionally, the company's Q1 FY25 revenue included Rs 707 crore from real estate, Rs 259 crore from leasing, and Rs 118 crore from hospitality

Brigade Enterprises stock gains 2% after unit launches residential tower

The uptick in share price came after the company announced that its arm has launched a new residential project, Cobalt

Brigade Group to invest Rs 8,000 cr in Chennai; develop 15 mn sq ft

Bengaluru-based real estate company aims to double growth in Chennai

Tailwinds may support momentum in residential space: Brigade Enterprises MD

Shankar talks about the company's strategic business initiatives, meticulous product development, and expansion plans

Brigade Q3 results: Profit up 31% on strong growth in residential segment

In the real estate segment, Brigade achieved its strongest performance ever for Q3 of a financial year with sales of 1.7 million square feet with a sale value of Rs 1,524 crore

Brigade Enterprises soars 13% on healthy outlook; zooms 60% since November

Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24)