Mumbai, October 7 (Udaipur Kiran): Shares of Brigade Enterprises surged over 2% on Monday after the real estate developer announced the signing of a Joint Development Agreement (JDA) for a 6.6-acre prime land parcel in West Chennai to develop a premium residential project with an estimated Gross Development Value (GDV) of ₹1,000 crore.
The stock was trading at ₹913.00, up ₹21.20 or 2.38%, compared to its previous close of ₹891.80 on the BSE. The scrip opened at ₹915.00 and touched an intraday high of ₹915.70 and a low of ₹896.85. Around 24,690 shares were traded during the session.
The BSE Group ‘A’ stock, with a face value of ₹10, has a 52-week high of ₹1,409.85 (October 8, 2024) and a 52-week low of ₹812.85 (April 7, 2025). Over the past week, the stock has traded between ₹915.70 and ₹883.70. The company’s market capitalisation currently stands at ₹22,250.40 crore.
In terms of shareholding, promoters hold 41.13%, institutional investors own 42.77%, and non-institutional investors account for 16.09%.
The upcoming project, strategically located along a major arterial corridor in West Chennai, offers excellent connectivity to industrial hubs and peripheral business districts, positioning it as a future-ready integrated community. The development will feature modern apartments, lifestyle amenities, and ESG-compliant infrastructure.
The project is expected to be launched in 2026, subject to regulatory approvals.
Brigade Enterprises is one of South India’s leading real estate developers, with a strong presence in Bengaluru, Mysuru, and other major cities. The company develops residential, commercial, and retail properties, and also operates serviced apartments under the Brigade Homestead brand.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
