Brigade Group launches premium residential project in North Bengaluru, sees revenue potential of ₹1,100 crore

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. Following the announcement, shares of Brigade Enterprises were trading higher by nearly 1%.

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. The project is expected to be completed by June 2029.

Pavitra Shankar, managing director of Brigade Enterprises said demand for residential projects is currently high, and the segment is witnessing steady growth. “This project is set to ride on that demand and is part of our 11 million square feet expansion plan in the residential space and will be ideal, both as an investment and for ownership,” she said.

Earlier this month, Brigade Enterprises announced it has signed a land lease to develop a third tower of the World Trade Center (WTC) at Infopark Kochi. The value of the project stands at ₹150 crore. Brigade Group said it will develop a 16-storey tower with a car park of six decks. The project has a built-up area of 2.6 lakh square feet and will be developed on a non-SEZ plot of land. The project, which is expected to be completed within three years, will result in the creation of 2,700 direct jobs, it said.

Brigade Group is the license owner of six WTCs in South India including Bengaluru, Chennai, Kochi, Hyderabad, Trivandrum, and Devanahalli. Over the last 38 years, the group has completed around 300 buildings and 90 million square feet across its diverse portfolio.

Shares of the company have risen by nearly 52% since the beginning of the year. The stock has gained over 134% in the last one year.