Brigade Enterprises acquires land in Bengaluru for Rs 950 crore

Brigade Enterprises has made headlines by acquiring 4.4 acres of land in Whitefield, Bangalore. This land purchase is valued at around Rs 950 crore. The company plans to develop a high-end residential project on this site. The new project will have a total development potential of 0.6 million square feet. Brigade Enterprises aims to provide modern amenities and well-designed apartments for contemporary families. They believe this development will enhance living standards in the area, which benefits from excellent connectivity and social infrastructure. Pavitra Shankar, the Managing Director, emphasized the strategic importance of this acquisition. He stated it reflects the company's commitment to growth and luxury living in Bengaluru. The location in Whitefield is seen as a prime asset, likely to attract potential residents. Despite these positive developments, Brigade Enterprises' stock performance has been mixed. Over the past year, shares have increased by 6.31%. However, the stock has dropped by 19.72% year-to-date. In recent months, the share price has seen further declines.