Latest news with #BrigadeGroups
Business Standard
23-06-2025
- Business
- Business Standard
Brigade Ent launches Rs 2,100 cr residential project in Chennai
Brigade Enterprises has announced the launch of its residential project, Brigade Morgan Heights, in Chennai, with gross development value (GDV) of Rs 2,100 crore. The said project is located along the Sholinganallur-Medavakkam road in Chennai. With a gross development value of approximately Rs 2,100 crore, project spans 14.7 acres, features three towers housing thoughtfully designed units comprising of 2, 3 and 4 BHK apartments with sizes extending up to 2,599 sq. ft. The project has a total development potential of 2.2 million square feet. This project will set new benchmarks for integrated residential communities and will be developed under a joint development agreement (JDA), reinforcing Brigade Groups commitment to deliver landmark projects that redefine urban living in the city. The 1,250 unit development is strategically located just 150 meters from the upcoming Classical Tamil Institute Metro Station, ensuring exceptional connectivity to Chennais thriving IT hubs, including Elcot IT Park, Wipro, and Cognizantall within a 10-minute radius. Pavitra Shankar, managing director, Brigade Enterprises, said, Chennai continues to be a vital market for Brigade Group, and this expansion aligns with our vision of delivering high-quality residential developments in upcoming urban corridors. We will continue to actively identify opportunities to develop landmark projects that cater to diverse residential needs with sustainable and community-driven development. Our expansion strategy is built on a strong foundation of delivering excellence in real estate, with a balanced mix of residential, commercial, and mixed-use developments. With its prime location, proximity to IT hubs, and a serene green backdrop, Brigade Morgan Heights will offer an unparalleled living experience. We remain committed to creating spaces that seamlessly integrate comfort, sustainability, and modern living. Brigade Enterprises is one of Indias leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. The company reported a 19.76% jump in consolidated net profit to Rs 246.82 crore in Q4 FY25 as against Rs 206.09 crore reported in Q4 FY24. However, revenue from operations fell 14.21% year-on-year (YoY) to Rs 1,460.39 crore in the quarter ended 31 March 2025. The counter rose 0.95% to settle at Rs 1,144.55 on the BSE.
Business Standard
09-05-2025
- Business
- Business Standard
Brigade Ent acquires 11-acre land parcel in Bengaluru
Brigade Enterprises has acquired a strategically located 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, with an estimated gross development value of over Rs 2,000 crore. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a GDV of over Rs 2,000 crore. Nirupa Shankar, joint managing director, Brigade Enterprises, said, This strategic acquisition is a significant step in our journey to create world class commercial spaces that inspired by creating a sustainable and future ready workspace. Whitefield remains a prime destination for office demand due to metro connectivity, and the vibrant corporate ecosystem that exists. With cutting-edge architecture and future-ready, sustainable infrastructure, this project will stand out in Bengalurus commercial landscape while enhancing Brigade Groups leadership in the Grade A office leasing segment. This project will also work towards bringing us closer to achieving our net zero target. Brigade Group is one of Indias leading property developers. It has developed many landmark buildings and transformed skylines across India in the cities of Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City with developments across residential, office, retail, hospitality and education sectors. The companys consolidated net profit surged to Rs 236.24 crore in Q4 FY25 as compared with Rs 73.49 crore in Q4 FY24. Net sales increased 24.7% YoY to Rs 1,463.94 crore in Q4 FY25. The counter declined 1.74% to end at Rs 998.80 on 8 May 2025.
