Shares of Brigade Enterprises Limited rose 2% to touch a day’s high of Rs 967.60 on 11th August after the company announced the launch of Brigade Cherry Blossom, a premium plotted development in Malur, East Bengaluru, with a projected revenue potential of over Rs 225 crore.

Developed through a strategic joint venture, the project spans 20 acres and 11 guntas. It has a total development area of 4.51 lakh sq ft. The project offers 338 plots in two sizes — 30×40 ft and 30×50 ft. This caters to both homebuyers and long-term investors.

Malur, an emerging micro-market, offers strong connectivity, flexibility, and long-term value potential. The project is located just 1.5 km from the Satellite Town Ring Road (STRR) and the Bengaluru–Chennai Expressway (NE7). It has easy access to Whitefield, Sarjapur, and Hoskote. Its inclusion in the Chennai–Bengaluru Industrial Corridor and ongoing infrastructure upgrades add to its investment appeal.

Managing Director Pavitra Shankar said the launch aligns with Brigade’s vision of creating well-integrated neighbourhoods in growth corridors. She added that Malur is an evolving residential hub with high growth prospects.

At 11:09 AM, the shares of Brigade Enterprises were trading 1.78% higher at Rs 964.70 on NSE.

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