Brigade Enterprises Signs ₹1,000-Crore JDA for Premium Residential Project in West Chennai; Stock Rises Over 2%

Bengaluru, October 7, 2025: The shares of Brigade Enterprises Limited (NSE: BRIGADE, BSE: 532929) rose by 2% in early trade on Tuesday and reached ₹912.65 per share. This was after the company announced a major JDA (Joint Development Agreement) for a premium residential project in West Chennai. The total estimated gross development value of the project is ₹1000 crore. However, by 11:15 AM, the stock consolidated a bit and was trading at ₹899 per share (0.58% higher from the previous day’s close).

Founded in 1986, Brigade Enterprises Limited is one of India’s leading real estate developers with a diversified presence across residential, commercial, retail, and hospitality segments. The company has delivered landmark projects in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. Brigade is part of the NIFTY Smallcap 250 index and is known for its ESG commitments and customer-centric developments.

Project Overview

The upcoming project is strategically located along a key arterial corridor connecting industrial and business hubs. The development aims to create an integrated, high-end residential community aligned with Chennai’s growing demand for lifestyle-oriented urban living. The project’s estimated gross development value (GDV) is pegged at ₹1,000 crore, with an expected launch in 2026, subject to regulatory approvals. This marks another strategic expansion by Brigade Enterprises Limited into Chennai’s high-potential residential market.

Management Commentary

Ms. Pavitra Shankar, the Managing Director of the company, emphasized the importance of Chennai as a leading market for the company and how the organization has expanded its portfolio in the city. The city’s real estate market is witnessing strong growth rates, driven by one of the best infrastructures and facilities available in the country. The new residential project will further solidify the company’s reputation for delivering high-quality projects to homebuyers.

Market Reaction

Brigade Enterprises’ stock opened higher at ₹912.15 on the NSE and surged to an intraday high of ₹913.60. The shares were last trading up 0.58% at ₹899, as the selling pressure mounted after a couple of hours of strong buying. The company’s total market capitalization stood at ₹22,318.86 crore, with a free-float market cap of ₹12,464.68 crore as of 11:15 a.m. IST.

REF: https://nsearchives.nseindia.com/corporate/BRIGADE_06102025165953_47PressReleaseJDAsigningWestChennai.pdf

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