Shares of Brigade Enterprises Ltd rose roughly 2% on 25 August following the unveiling of a residential project in Bengaluru with a revenue potential of more than Rs 950 crore.

Brigade Group has announced the debut of their newest residential development, Brigade Lakecrest, in Bangalore.

The project would be constructed using a joint development approach, with a total development area of around 9.33 lakh square feet and a projected revenue of more than Rs 950 crore.

The project is RERA-approved, with 604 premium 1, 2, and 3 BHK residences set to be finished in March 2030.

In another event, the company’s Chief Financial Officer (CFO), Jayant B Manmadkar, has quit for personal reasons. Furthermore, the firm board approved Pradyumna Krishna Kumar, the company’s executive director, as the interim chief financial officer and key managerial people, effective 10 October 2025.

In addition, the company signed a long-term leasing arrangement for a prime property of approximately 7 acres on Old Mahabalipuram Road (OMR) in Chennai.

The site will be developed into a major mixed-use destination with over 1 million square feet of Grade A office space and a 5 Star Deluxe Hotel with around 225 rooms.

At 1:33 pm, the shares of Brigade Enterprises were trading 0.88% higher at Rs 971 on NSE.

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