Brigade Enterprises Ltd Share Price – NSE  / BSE

Realty, Small Cap

The project includes a World Trade Center, Brigade residences, an intercontinental hotel and Brigade’s Orion Mall.

Brigade Gateway Residences features around 600 premium residences of various formats across 58 floors. The project has a sales potential of Rs 3,300 crore.

Amar Mysore, executive director of Brigade Enterprises, said: “We designed Brigade Gateway at Neopolis on the lines of the successful model of Brigade Gateway in Bengaluru.

As we continue our journey in Hyderabad, our focus will remain on innovation, sustainability, and community-centric developments.”

Brigade Enterprises is one of India’s leading property developers. The company has developed properties in cities like Bengaluru, Mysuru, Hyderabad, Chennai, Kochi and GIFT City with developments across residential, office, retail, hospitality and education sectors.

The company's consolidated net profit declined 10.88% to Rs 118.98 crore on a 21.54% fall in revenue to Rs 1,072.16 crore in Q2 FY25 over Q2 FY24.

The scrip fell 1.99% to currently trade at Rs 1223.50 on the BSE.

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Brigade Enterprises has announced the launch of Brigade Gateway at Neopolis, Kokapet, Hyderabad, approximately a 10-acre mixed use development. Brigade Gateway will be Hyderabad's most integrated lifestyle mixed-use development and includes a World Trade Center, Brigade Residences, a 300+ keys Intercontinental Hotel and a destination lifestyle mall, Brigade's Orion Mall.

The Brigade Gateway Residences will be one of the tallest buildings in Hyderabad featuring around 600 premium residences in 3, 4 and duplex 5-bedroom formats across 58 floors and will have a sales potential of Rs 3,300 crores. Brigade Residences includes a thoughtfully curated election of world-class amenities, crafted to provide an elevated living experience at the pinnacle of luxury. As a green certified development, it will incorporate solar power generation, stormwater harvesting, and an on-site sewage treatment plant for water reuse.

The commercial tower, standing at 212 metres, is poised to become an iconic addition to the city skyline. It will feature Orion Mall on the first seven floors, the World Trade Center spanning 22 floors, InterContinental across 12 floors, and two floors dedicated to serviced residences.

This will be the fourth World Trade Center developed by Brigade Group among the six licenses it holds, offering flexible office spaces with the largest floor space at approximately 4,000 square meters. This skyscraper will be iconic in its own right, featuring cutting-edge, ultra-high-speed information network facilities, a comprehensive international design, and state-of-the-art security functions.

Brigade Gateway's design seamlessly integrates various asset classes while maintaining a core focus on sustainability. With approximately 10,000 employees across offices and commercial spaces, and around 3,000 residents, Brigade Gateway is poised to become a landmark in the city.

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Brigade Enterprises Ltd gained 2% today to trade at Rs 1319.2. The BSE Realty index is up 0.91% to quote at 8255.11. The index is down 1.62 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd increased 1.63% and SignatureGlobal India Ltd added 1.62% on the day. The BSE Realty index went up 23.65 % over last one year compared to the 10.07% surge in benchmark SENSEX.

Brigade Enterprises Ltd has added 0.73% over last one month compared to 1.62% fall in BSE Realty index and 2.97% drop in the SENSEX. On the BSE, 139 shares were traded in the counter so far compared with average daily volumes of 11572 shares in the past one month. The stock hit a record high of Rs 1451.9 on 25 Jun 2024. The stock hit a 52-week low of Rs 826.3 on 13 Mar 2024.

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The project comprises of comprises of 420 homes of various sizes, and it is spread across an area of around 4.3 acres. The total development area of this project will be around 0.7 million square feet.

The company stated that this high-rise township is a net-zero carbon, residential development. To achieve its net-zero carbon goal, the project has made use of eco-friendly materials, energy-efficient designs, water conservation measures, and carbon offsetting initiatives.

Pavitra Shankar, managing director, Brigade Enterprises, said: “Our commitment to net-zero for this project focuses on mitigating, reusing and offsetting to reduce the Brigade Citrine community’s environmental impact over the next 25 years.

Innovative designs leads to operational carbon efficiency and embodied carbon reduction upto 40%. The project is in line with Brigade Group’s journey of achieving net zero emissions by 2045.

Every new Brigade home is IGBC (Indian Green Building Council) Certified and we have around 14.8 million square feet of green building certifications in various stages.”

Brigade Enterprises is one of India’s leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels.

The scrip fell 1.46% to currently trade at Rs 1250.35 on the BSE.

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