The real estate company Brigade Enterprises Ltd share price increased more than 5%, reaching a high of Rs 944.30 on Tuesday, 8 April 2025, after the company announced signing a Joint Development Agreement (JDA) to develop 37 guntas and 10 acres of premium land in Mysuru, with a gross development value of about Rs 225 crores.

In its regulatory filing, the company said, “This strategic acquisition marks another milestone in Brigade’s commitment to expanding its presence in Mysuru, which already has about 30 projects across Residential, Office, Retail and Hospitality.”

The company stressed that the project, which has a 0.37 million square foot total development potential, is in a good position to set a new standard for upmarket residential living in the region.

Pavitra Shankar, managing director of Brigade Enterprises, said, “The city (Mysuru) has witnessed a clear uptick in real estate activity in recent years, especially following the improved connectivity brought about by the Bengaluru-Mysuru expressway. As the largest Tier 2 market in Karnataka, Mysuru continues to attract discerning home buyers seeking a high quality of life.”

The development will include premium plots of 8 acres and high-end units on 2 acres. The project, which is strategically positioned in the centre of Mysuru, is designed to suit the desires of modern homebuyers looking for a combination of luxury, convenience, and communal living.

Shankar noted that the project enjoys excellent connectivity to the Bengaluru-Mysuru highway, making it a convenient and aspirational location. He emphasized that it aligns with the company’s vision of creating premium residential spaces that cater to the evolving aspirations of Mysuru’s residents.

He further added that with a long-standing presence in Mysuru, the company remains committed to offering exceptional living experiences while supporting the city’s sustainable growth. Continued investments in key markets, he said, will help this development set new benchmarks in quality and innovation.

The project’s unique features, such as its integrated design, high-end items, and excellent location, will provide residents with seamless connectivity and convenience, Brigade Enterprises continued.

Founded in 1986, Brigade Group is an Indian real estate developer with over 40 years of experience. The company has played an important part in the construction of well-known structures and the reconstruction of skylines throughout South India, including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and Gujarat’s Gift City. Businesses in the retail, hospitality, office, and residential sectors are all part of their diverse portfolio.

At 1:26 pm, the shares of Brigade Enterprises were trading 2.70% higher at Rs 920 on NSE.

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