Brigade Enterprises to develop new residential project in Bengaluru, stock rise 2%

The company said the project will consist primarily of two—and three-bedroom apartments and is situated close to several shopping hubs, entertainment zones, and established office spaces. It also offers good connectivity to the city centre.

Pradyumna Krishnakumar, executive director of Brigade Enterprises said the project will be a significant landmark in the micro market of Tumkur Road and is in addition to the firm’s planned pipeline of over 1.2 crore square feet of residential developments across Bengaluru, Chennai and Hyderabad in the coming year. “It aligns with our strategic vision to expand our presence in key growth corridors of Bangalore and our commitment to provide unparalleled living experience to our home buyers. West Bangalore is increasingly being favored for residential developments owing to its excellent connectivity and existing infrastructure,” Krishnakumar said.

Last week, Brigade Enterprises announced the launch of Brigade Insignia, a premium residential project in Yelahanka, Bengaluru consisting of six towers housing 379 units. The units comprise three, four and five-bedroom-hall-kitchen (BHK) apartments spread across a six-acre land parcel with the project having a revenue potential of ₹1,100 crore.

The company pointed out that Brigade Insignia offers easy access to the airport highway, metro stations, Manyata Tech Park, Manipal Hospital, Outer Ring Road (ORR), Yelahanka New Town, and the Kempegowda International Airport (KIA). The ticket size at Brigade Insignia ranges from ₹3 crore to ₹9 crore, the firm said, adding that the project is expected to be completed by June 2029.

The company's shares have risen by nearly 55% since the beginning of the year, and the stock has gained over 144% in the last year.