Brigade Enterprises stock rises: Brigade Enterprises (Brigade Ent) saw a robust 3.13% rise in its stock price, hitting an intraday high of Rs 1,387.25 per share on Friday, after launching their latest project, ‘Brigade Insignia’, at Yelahanka, Bengaluru .
In an exchange filing, Brigade Enterprises said, “We would like to inform you that we have launched ‘Brigade Insignia’, a premium residential project in Yelahanka, Bengaluru. Brigade Insignia comprises six towers with 379 units of spacious 3, 4 and 5 BHK apartments (Limited Edition Sky Villas) spread across a sprawling 15-acre plot.”
The development has a potential turnover of Rs 1,100 crore and promises a lifestyle of unparalleled luxury and comfort.
Strategically located amidst lush greenery, Brigade Insignia offers easy access to major infrastructure such as Airport Expressway, Metro Stations, Manyata Tech Park, Manipal Hospital, Outer Ring Road (ORR), Yelahanka New Town and Kempegowda International Airport (KIA ).
The project, Brigade Enterprises said, is equipped with modern amenities including a swimming pool with children’s section, spa, fitness studio, sports facilities such as squash and badminton courts, a clubhouse with gala hall and multimedia room, and beautifully landscaped terraced lawns and sky gardens.
Brigade Insignia’s apartments are priced between Rs. 3 crore and Rs. 9 crore, with a target completion date of June 2029. Established in 1986, Brigade Enterprises is known for its three decades of expertise in developing landmark properties in South India, across the residential, commercial, retail, hospitality and education sectors. With over 275 completed buildings totaling over 80 million square feet of developed space, the company has a market capitalisation of Rs 31,396.33 crore, according to the Bombay Stock Exchange (BSE).
Brigade Group is one of India’s leading real estate developers with over three decades of experience in creating positive experiences for all stakeholders.
Founded in 1986, the company has developed many landmark buildings and transformed the skyline of cities in South India namely Bengaluru, Mysuru, Hyderabad, Chennai and Kochi with developments across residential, commercial, retail, hospitality and education sectors.
Since its inception, Brigade has completed more than 275 buildings, representing over 80 million square meters of built space across a diverse real estate portfolio.
At 9:56 AM, shares of Brigade Ent were trading 0.78 percent higher at Rs 1,355.50 per share. In comparison, BSE Sensex was trading at record levels, up 0.50 percent at 79,639.51 levels.
First print: June 28, 2024 | 10:07 AM IST