Shares of Brigade Enterprises Ltd gained in trade after the company announced a Joint Development Agreement (JDA) for land in East Bengaluru with an estimated gross development value of ₹7,200 crore.
The stock rose up to 6.2 per cent during the session as investors reacted positively to the expansion move. The company’s market capitalisation stood above ₹18,000 crore during trading.
Major township planned in East Bengaluru
Brigade said it has signed the agreement for 8.63 acres in Gunjur, a fast-growing locality in East Bengaluru. The deal is expected to unlock development potential for a larger 39-acre integrated township in the Whitefield–Sarjapur growth corridor.
The region is considered one of Bengaluru’s most sought-after residential belts due to improving infrastructure, strong job hubs and expanding connectivity.
Strategic push in high-demand corridor
The company said the project will strengthen its residential pipeline in East Bengaluru and support future long-term growth. Brigade plans to offer multi-generational housing options, including senior living spaces, along with amenities and convenience infrastructure.
Managing Director Pavitra Shankar said the Whitefield-Sarjapur Road corridor remains a compelling market due to infrastructure expansion and employment catchments.
Financial performance mixed
Brigade reported modest revenue growth, with topline rising from ₹1,464 crore to ₹1,575 crore. However, net profit declined from ₹236 crore to ₹206 crore, indicating margin pressure despite higher business activity.
Operating profit margins remained relatively stable, showing consistent efficiency across quarters.
Strong Bengaluru presence
Brigade Enterprises Ltd is one of South India’s prominent property developers with interests in residential, commercial, retail and hospitality sectors. Bengaluru remains a core market for the company.
The latest township move underlines continued confidence in East Bengaluru’s long-term real estate demand..