Brigade Enterprises Ltd. witnessed a 5% jump in its stock price after acquiring a 4.4-acre land parcel in Whitefield, East Bengaluru. The company plans to develop a premium residential project spanning 0.6 million square feet, with a Gross Development Value (GDV) of approximately ₹950 crore. As of 9:17 AM, the shares were trading 2.82% higher at Rs 1,021.60.
The upcoming project will offer world-class amenities and high-end specifications, catering to the evolving lifestyle needs of modern families. Whitefield, known for its strong connectivity and well-developed social infrastructure, remains one of Bengaluru’s most sought-after real estate destinations.
Pavitra Shankar, Managing Director of Brigade Enterprises, expressed confidence in the project’s success, stating, “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.”
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