BAJAJ BROKING
Brigade Enterprises has acquired 11 acres in Whitefield, Bengaluru, to build a 1.5 million sq ft office project with a gross development value of over Rs.2,000 crore.
Brigade Enterprises Limited has acquired a strategically located 11-acre land parcel opposite the International Tech Park in Whitefield, Bengaluru. The land will be used to develop a large-scale commercial project with a planned gross leasable area of around 1.5 million square feet. The development will carry a gross development value (GDV) exceeding Rs.2,000 crore and aims to further expand the company’s footprint in Bengaluru’s thriving commercial real estate market.
Also read: FIIs Inject ₹2,008 Cr into Equities; DIIs Withdraw ₹596 Cr on May 8
Land size acquired: 11 acres
Location: Opposite ITPL, Whitefield, Bengaluru
Development type: Premium commercial office project
Gross leasable area: 1.5 million sq ft
Gross development value (GDV): Over Rs.2,000 crore
Market significance: Strengthens Brigade’s presence in tech and commercial hub
Also read: SEBI Settles ESOP Case with Paytm Founder Vijay Shekhar Sharma
Parameter | Details |
Land area | 11 acres |
Location | Whitefield, Bengaluru |
Project type | Premium commercial office space |
Gross leasable area | 1.5 million sq ft |
Estimated GDV | Over Rs.2,000 crore |
Whitefield has long been a critical hub for commercial and IT-based infrastructure, offering strong metro connectivity and a well-established corporate ecosystem. Brigade Enterprises aims to leverage these locational advantages through a sustainable and future-ready commercial complex. The upcoming development aligns with the company’s focus on high-growth urban micro-markets and green infrastructure.
In April, Brigade Enterprises entered into a joint development agreement for a 20-acre plotted project in Malur, East Bengaluru. With a GDV of Rs.175 crore and development potential of 0.45 million square feet, the project reinforces the company’s intent to cater to both commercial and residential demands in upcoming Bengaluru corridors.
Shares of Brigade Enterprises Limited ended at Rs.994.30, down by Rs.22.15 or 2.18 percent on the BSE. Investors will watch how the execution of this high-value Whitefield project shapes long-term prospects and influences Brigade Enterprises Limited share price. As more projects are announced, the market will also assess their potential impact on Brigade Enterprises Limited share price over time.
The recent land acquisition reaffirms the company’s long-term vision to expand in future-forward zones, a factor that may gradually reflect in Brigade Enterprises Limited share price movements.
Also read: M&M Financial Launches Rs.2,996 Cr Rights Issue at Rs.194 Per Share
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading