Brigade Enterprises has recently acquired a 4.4-acre land parcel in Whitefield, East Bengaluru, intending to develop a premium residential project with a total development potential of 0.6 million square feet and an estimated gross development value of approximately ₹950 crore. The project aims to offer state-of-the-art amenities and high-end specifications, providing a premium lifestyle for its residents. Strategically located in Whitefield, the development is set to benefit from the area’s excellent connectivity and robust infrastructure.
Following this announcement, Brigade Enterprises’ shares experienced a notable surge. On March 25, 2025, the stock jumped 6.7% to an intraday high of ₹1,045.95 on the Bombay Stock Exchange (BSE). Over the past year, the shares have risen by 6.31%, reflecting a modest gain.
Pavitra Shankar, Managing Director of Brigade Enterprises, commented on the acquisition, stating that the project aligns with the company’s vision for premium residential development and underscores their commitment to growth, innovation, and redefining luxury living in Bengaluru.
Brigade Enterprises is a leading property developer in India, with a diverse portfolio spanning residential, office, retail, hospitality, and education sectors across cities like Bengaluru, Mysuru, Hyderabad, Chennai, Kochi, and GIFT City. In Q3 FY25, the company reported a consolidated net profit of ₹236.2 crore, more than tripling the ₹73.5 crore posted in Q3 FY24, with revenue rising by 27% year-over-year to ₹1,529.7 crore during the same period.
