At 09:24 am on July 4, Brigade Enterprises’ share price climbed by 3.20%, reaching Rs 1,410.90 on the BSE, up Rs 43.80.
The company revealed plans for a joint development residential project on Tumkur Road in West Bangalore, spanning 8 acres. This project will encompass a development area of about 1.2 million square feet, with an estimated Gross Development Value (GDV) of around Rs 1,100 crore.
In June, Brigade signed an agreement to develop a third tower of the World Trade Center (WTC) at Infopark Kochi, a project valued at Rs 150 crore, expected to be completed in three years. Additionally, Brigade announced a Rs 8,000 crore investment plan in Chennai by 2030 to expand its business, including the launch of Brigade Icon Residences, a high-end mixed-use development project in Chennai with a GDV of around Rs 1,800 crore.
