Brigade Enterprises Ltd

The said plot spans approximately 20 acres and offers a total development potential of 0.45 million square feet. Commenting on the development, Pavitra Shankar, managing director, Brigade Enterprises, said: '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. 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 key hubs in Bengaluru. With improving infrastructure and enhanced accessibility, more homebuyers are exploring well-connected, affordable living options beyond the city's core. Through this development, we aim to introduce a thoughtfully designed residential offering that enhances value for homebuyers while contributing to the region's growth.' Brigade Enterprises is one of India's leading property developers. It has developed many landmark buildings and transformed skylines across India in the cities of Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City with developments across Residential, Office, Retail, Hospitality and Education Sectors.. The company's consolidated net profit surged 221.5% to Rs 236.24 crore in Q3 FY25 as compared with Rs 73.49 crore in Q3 FY24. Net sales jumped 24.7% YoY to Rs 1,463.94 crore in Q3 FY25. The counter added 2.13% to end at Rs 1006.55 on Monday, 21 April 2025.Powered by Capital Market - Live

Brigade Group has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. Spanning approximately 20 acres, the project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet. Commenting on the development, Pavitra Shankar, Managing Director, Brigade Enterprises, said: '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. 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 key hubs in Bengaluru. With improving infrastructure and enhanced accessibility, more homebuyers are exploring well-connected, affordable living options beyond the city's core. Through this development, we aim to introduce a thoughtfully designed residential offering that enhances value for homebuyers while contributing to the region's growth.' This marks Brigade Group's first plotted development project in East Bengaluru, reinforcing its presence in one of the city's expanding residential corridors.Powered by Capital Market - Live

Brigade Enterprises has signed a deal to develop 10 acres and 37 guntas of prime land in Mysuru through a Joint Development Agreement (JDA). This strategic acquisition marks another milestone in Brigade's commitment to expanding its presence in Mysuru, which already has about 30 projects across Residential, Office, Retail and Hospitality. The project, with a gross development value (GDV) of approximately Rs 225 crore and a total development potential of 0.37 million square feet, is set to redefine premium residential living in the region. The development will feature premium plots spanning over 8 acres, and premium apartments spread over 2 acres. The project is strategically located in the heart of Mysuru and is designed to cater to the aspirations of modern homebuyers seeking a harmonious blend of luxury, convenience, and community living.Powered by Capital Market - Live

The project, with a gross development value (GDV) of approximately Rs 225 crore and a total development potential of 0.37 million square feet, is set to redefine premium residential living in the region. The development will feature premium plots spanning over 8 acres, and premium apartments spread over 2 acres. This strategic acquisition marks another milestone in the company's commitment to expanding its presence in Mysuru, which already has about 30 projects across Residential, Office, Retail and Hospitality. Speaking on the development, Pavitra Shankar, managing director of Brigade Enterprises, said, 'Mysuru holds immense potential as a growth hub, thanks to its unique blend of cultural richness and rapidly advancing infrastructure. The city has witnessed a clear uptick in real estate activity in recent years, especially following the improved connectivity brought about by the Bengaluru-Mysuru expressway. As the largest Tier 2 market in Karnataka, Mysuru continues to attract discerning homebuyers seeking a high quality of life. Brigade Enterprises is one of India's leading property developers. The company has developed many landmark buildings and transformed skylines across South India in the cities of Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum and Gift City, Gujarat with developments across residential, office, retail and hotels. The company's consolidated net profit surged 221.5% to Rs 236.24 crore on 24.7% jump in net sales to Rs 1,463.94 crore in Q3 FY25 over Q3 FY24. The counter declined 5.43% to end at Rs 898.10 on Monday, 7 April 2025.Powered by Capital Market - Live

The key benchmark indices traded with major gains in morning trade. The Nifty traded above 23,800 level. IT shares witnessed buying demand for the fourth consecutive trading session, as US President Donald Trump's softened stance on tariffs boosted sentiment, leading to increased buying interest. At 10:25 IST, the barometer index, the S&P BSE Sensex, added 541.06 points or 0.69% to 78,525.44. The Nifty 50 index advanced 156.05 points or 0.66% to 23,814.40. In the broader market, the S&P BSE Mid-Cap index fell 0.42% and the S&P BSE Small-Cap index declined 0.83%. The market breadth was strong. On the BSE, 1,467 shares rose and 2,163 shares fell. A total of 184 shares were unchanged. Buzzing Index: The Nifty IT index jumped 1.60% to 37,810.80. The index jumped 4.38% in the four consecutive trading sessions. HCL Technologies (up 2.93%), Persistent Systems (up 2.3%), Coforge (up 2.26%), Infosys (up 2.19%) and L&T Technology Services (up 2.18%), Mphasis (up 1.78%), Tata Consultancy Services (up 1.57%), Wipro (up 1.35%) and Tech Mahindra (up 1.12%) surged. Stocks in Spotlight: Brigade Enterprises shed 0.31%. The company has announced the acquisition of a 4.4-acre land parcel in Whitefield, East Bengaluru, for the development of a premium residential project. Godrej Properties declined 1.49%. The company said that it has sold over 300 homes homes worth over Rs 1,000 crore with a total area of nearly 0.84 million square feet at its project Godrej Madison Avenue located in Kokapet, Hyderabad. Rail Vikas Nigam (RVNL) rose 0.13%. The company announced that it has emerged as the lowest bidder (L1) for overhead equipment (OHE) work from Central Railway, with the project valued at Rs 115.79 crore.Powered by Capital Market - Live

The project is expected to have a total development potential of 0.6 million square feet and a gross development value (GDV) of approximately Rs 950 crore. The project, located in Whitefield, East Bengaluru, will offer a range of state-of-the-art amenities and high-end specifications, designed to provide a premium lifestyle for its residents. It will feature a mix of spacious apartments tailored to meet the needs of contemporary families. Pavitra Shankar, managing director of Brigade Enterprises, said, 'This project will not only enhance our portfolio but also offer an exceptional living experience for our customers. Strategically, this land parcel aligns perfectly with our vision for premium residential development. The deal underlines our commitment to growth, innovation, and redefining luxury living in Bengaluru. With Whitefield's prime location and robust infrastructure, we are confident this project will set new benchmarks in the segment.' Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Mysuru, Hyderabad, Chennai, Kochi, and GIFT City with developments across residential, office, retail, hospitality, and education sectors. The company reported a consolidated net profit of Rs 236.2 crore in Q3 FY25, which is more than 3 times the PAT of Rs 73.5 crore posted in Q3 FY24. Revenue rose by 27% YoY to Rs 1529.7 crore during the period under review. The counter rose 0.72% to Rs 1,000.10 on the BSE. Powered by Capital Market - Live

Brigade Enterprises announced that its subsidiary, Zoiros Projects (ZPPL) has allotted equity shares to the extent of Rs. 3,95,00,000/- to the company and Rs. 4,95,00,000/- to Gruhas Proptech LLP (Gruhas). Due to this allotment, the shareholding in Zoiros Projects will be held 50% (including existing investment) by the company (Brigade Enterprises) and 50% by Gruhas. ZPPL has set up 'Earth Fund' which is registered as a category II Alternative Investment Fund (AIF) registered with Securities and Exchange Board of India. ZPPL will be the investment manager and sponsor of the Fund. Earth Fund will invest in Pre-series A and Series-A tech startups innovating in real estate, construction, and sustainability. ZPPL will cease to be a subsidiary of the company with effect from 18 March 2025 and will become joint venture Company.Powered by Capital Market - Live

The Earth Fund - India's first real estate tech and sustainability-focused investment fund set up under Zoiros Projects, launched by Brigade Group, has joined forces with Gruhas, the investment arm of Nikhil Kamath and Abhijeet Pai. The Rs 200 crore SEBI registered Category II Alternative Investment Fund (AIF), with an additional Rs 100 crore green-shoe option, aims to back high-growth startups solving challenges in the built world through sustainability and innovation. The Earth Fund is led by industry stalwarts, including Nirupa Shankar, Joint MD, Brigade Enterprises, Abhijeet Pai, Co-Founder, Gruhas, Nikhil Kamath Co-Founder, Gruhas and Mohan Parvatikar, Independent Director, Zoiros Projects, additionally, with a team of seasoned professionals bringing deep expertise in real estate, venture capital, and entrepreneurship. By combining Brigade's deep industry expertise with Gruhas' proven investment acumen, Earth Fund is set to accelerate the next generation of PropTech and sustainability-driven startups. Earth Fund will invest in Pre-series A and Series-A tech startups innovating in real estate, construction, and sustainability. The Fund seeks to invest USD 1-2 million in startups that have a demonstrated product market fit and are looking for capital to scale their solutions. The Fund aims to have a portfolio of 10 to 15 startups through an initial check and reserves for follow-on rounds. Focus areas for the Fund include breakthrough innovations across UrbanTech - covering proptech, construction tech, real estate solutions, and asset utilization; and Sustainability, including climate tech, clean tech, smart mobility, and energy solutions. Multiple startups are already being considered for Earth Fund and investments are expected to be announced shortly. Commenting on the initiative, Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited said, 'The uniqueness of Earth Fund is its focus on Urbantech and Sustainability solutions for the built world. By leveraging the resources and expertise of Brigade Group and Gruhas, our aim is to identify and support startups that will redefine urban development and drive long-term value. Our goal is to bridge the gap between traditional real estate and cutting-edge technology, fostering an ecosystem for sustainable and efficient urban solutions. We will draw on our last 8 years of experience in running Asia's first UrbanTech Accelerator, Brigade REAP, to ensure that investment decisions are backed by extensive industry research and hands-on engagement with our portfolio companies. This will enable Earth Fund's startups to navigate the complexities of the real estate sector and scale faster than their counterparts. Brigade REAP has shown us the transformative potential of UrbanTech startups, and Earth Fund will further support these innovative ventures.'Powered by Capital Market - Live

APL Apollo Tubes Ltd, PB Fintech Ltd, Crompton Greaves Consumer Electricals Ltd, Ircon International Ltd are among the other stocks to see a surge in volumes on BSE today, 18 March 2025.Brigade Enterprises Ltd saw volume of 11.7 lakh shares by 10:48 IST on BSE, a 144.35 fold spurt over two-week average daily volume of 8103 shares. The stock increased 0.09% to Rs.937.50. Volumes stood at 12241 shares in the last session.APL Apollo Tubes Ltd saw volume of 3.15 lakh shares by 10:48 IST on BSE, a 33.91 fold spurt over two-week average daily volume of 9276 shares. The stock increased 1.14% to Rs.1,426.00. Volumes stood at 13153 shares in the last session.PB Fintech Ltd registered volume of 5.78 lakh shares by 10:48 IST on BSE, a 7.49 fold spurt over two-week average daily volume of 77196 shares. The stock rose 2.39% to Rs.1,392.40. Volumes stood at 1.07 lakh shares in the last session.Crompton Greaves Consumer Electricals Ltd registered volume of 6.7 lakh shares by 10:48 IST on BSE, a 4.57 fold spurt over two-week average daily volume of 1.47 lakh shares. The stock rose 0.28% to Rs.353.80. Volumes stood at 8.81 lakh shares in the last session.Ircon International Ltd notched up volume of 14.61 lakh shares by 10:48 IST on BSE, a 4.48 fold spurt over two-week average daily volume of 3.26 lakh shares. The stock rose 5.68% to Rs.146.10. Volumes stood at 2 lakh shares in the last session.Powered by Capital Market - Live

Brigade Group has launched a premium residential project, Ebony at Brigade Orchards. Ebony at Brigade Orchards is a joint venture residential project located in the serene and rapidly developing neighbourhood of Devanahalli. It is a part of the sprawling 135-acre Brigade Orchard township and comprises 230 residential units spread across four residential blocks, with a total development area of 0.5 million square feet and an estimated revenue potential of over Rs 380 crore.Powered by Capital Market - Live