Brigade Enterprises shares surge over 4% on launching new residential project in Bengaluru

Shares of Brigade Enterprises, the Bengaluru-based real estate developer, rose as much as 4.63% to hit an intraday high of ₹675.30 on the National Stock Exchange (NSE) on Wednesday, March 25, after it launched a new residential project in East Bengaluru. On the BSE, Brigade Enterprises shares advanced as much as 4.42% to hit an intraday high of ₹675.

Brigade Enterprises in a regulatory filing said that it launched Brigade Belvedere, a residential project developed on 10.75-acre land situated on Budigere Main Road, off Old Madras Road in East Bengaluru.

"This initial phase of development includes two of five planned towers, comprising 773 premium residential units with an estimated revenue potential exceeding ₹1,100 crore," Brigade Enterprises said.

The project caters to the increasing demand for high-quality, sustainable housing near the city's major IT corridors and commercial hubs. The development offers 1, 2, and 3 bedroom, hall and kitchen (BHK) configurations, with sizes ranging from 715 square feet to over 2,013 square feet, the Bengaluru-based real estate developer said.

"Brigade has an extensive presence in this corridor of Bengaluru, with marquee projects including mixed use developments in this area. Through this project, we will be setting further benchmarks for urban living in East Bengaluru. The Budigere and OMR micro markets are witnessing unprecedented growth due to improved infrastructure and connectivity," said Pavitra Shankar, Managing Director, Brigade Enterprises.

"Our focus will continue to remain on delivering climate-resilient, technologically advanced homes that ensure long-term value for our customers. Brigade Belvedere is one more project in which we have committed to net zero carbon, and part of our organization wide efforts to be Net Zero by 2045,” Shankar added.

The lifestyle amenities of the project include a 24,000 square feet Grand Clubhouse, complemented by an additional 6,000 square feet of amenities to foster community engagement and provide residents with world-class fitness and leisure activities, Brigade Enterprises said.

Last month, Brigade Enterprises said that inked a partnership with Primus Senior Living to launch three senior living communities across Bengaluru and other geographies in South India.

The firm added that two out of three projects will be integrated within larger township developments, offering “greater inclusivity” and access to shared social infrastructure and amenities.

Brigade Enterprises shares touched its fresh 52-week low of ₹601 on the NSE on March 23 and a high of ₹1,332 on June 5, 2025.

As of 12:43 pm, Brigade Enterprises shares traded 1.5% higher at ₹655, underperforming the NIFTY Realty index which was up 2.5%.