“This strategic acquisition is a significant step in our journey to create world-class commercial spaces that are sustainable and future-ready,” said Nirupa Shankar, Joint Managing Director, Brigade Enterprises. “Whitefield remains a key destination for office demand due to metro connectivity and a vibrant corporate ecosystem.”
She added that the project will feature cutting-edge architecture and infrastructure aligned with the company’s net-zero targets and will further strengthen Brigade’s position in the Grade A office leasing segment.
In April, Brigade entered into a joint development agreement (JDA) for a plotted residential project in Malur, East Bengaluru. Spread across 20 acres, the project has a GDV of around Rs 175 crore and a development potential of 0.45 million square feet.
“We continue to identify high-potential land parcels that align with our long-term vision of building sustainable and well-planned communities,” said Pavitra Shankar, Managing Director, Brigade Enterprises. She noted that Malur, located along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as a promising residential hub.
Brigade Enterprises Share Price Target
According to Trendlyne data, the average target price for the stock is Rs 1,399, indicating a potential upside of 40% from current levels. The consensus recommendation from 12 analysts is a ‘Strong Buy’.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)