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Brigade Enterprises has signed a joint development agreement for a ₹175 crore plotted project in Malur, East Bengaluru. The 20-acre site has a 0.45 million sq. ft. potential. Shares rose 2.63% on BSE, closing at ₹1,011.50.
Brigade Enterprises Limited has entered into a Joint Development Agreement (JDA) for a plotted residential project in Malur, located in East Bengaluru. This strategic venture covers approximately 20 acres and boasts a gross development value of around ₹175 crore. With a development potential of 0.45 million square feet, this project aims to tap into the rising demand for suburban housing in Bengaluru’s expanding real estate landscape.
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Brigade signs a JDA for plotted development in Malur, East Bengaluru
Project spans 20 acres with 0.45 million sq. ft. development scope
Estimated gross development value: ₹175 crore
Located near STRR and Chennai Expressway for enhanced connectivity
Brigade Enterprises Limited share price closed 2.63% higher on BSE
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The Malur region is fast emerging as a promising residential zone due to its proximity to key infrastructure routes like the Satellite Town Ring Road (STRR) and the Chennai Expressway. These transport corridors are improving accessibility to central Bengaluru, encouraging homebuyers to consider peripheral areas for affordable and well-connected housing options. Brigade's planned development aligns with these trends, offering a strategic mix of location and design.
The Malur deal comes on the heels of Brigade Enterprises launching Brigade Eternia in Yelahanka, Bengaluru. That project spans 14.65 acres with 1,124 residential units and a 2 million square feet built-up area. With a revenue potential of over ₹2,700 crore, it reinforces the developer’s aggressive expansion strategy in residential real estate.
Project Name | Location | Area | Development Potential | Estimated Value |
Malur Plotted Project | East Bengaluru | 20 acres | 0.45 million sq. ft. | ₹175 crore |
Brigade Eternia | Yelahanka | 14.65 acres | 2 million sq. ft. | ₹2,700 crore |
Following the announcement, Brigade Enterprises Limited share price surged by 2.63% on the Bombay Stock Exchange (BSE), closing at ₹1,011.50. This uptick underscores investor optimism towards the company’s ongoing expansion in strategic growth corridors.
Brigade Enterprises Limited share price has seen steady growth over the past quarter, supported by consistent project launches and robust revenue potential. Analysts are closely tracking further developments, particularly in underpenetrated zones like East Bengaluru.
Brigade Enterprises continues to diversify its residential portfolio with well-positioned projects such as the Malur plotted development. As urban infrastructure expands and housing demand rises in Bengaluru’s peripheries, projects like these are expected to gain momentum. With improving accessibility and investor confidence reflected in the Brigade Enterprises Limited share price, the firm appears poised for sustained growth in India’s evolving real estate sector.
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