Brigade Enterprises Limited has informed the Exchange about Material Information -Brigade Lakecrest Unveiled: A Serene Lakeside Enclave on Old Madras Road, Bengaluru
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Brigade Enterprises has launched a new residential project called 'Brigade Lakecrest' on Old Madras Road in Bengaluru, located beside Bhattarahalli Lake. The project will be developed under a Joint Development model with a total area of around 9.33 lakh square feet, offering 604 premium 1, 2, and 3 BHK homes. It has an estimated revenue potential of over ₹950 crore and has already received RERA approval, with completion scheduled for March 2030. The launch strengthens Brigade's pipeline in Bengaluru's key East submarket near Whitefield and Marathahalli. The project features a double-height clubhouse, lake-facing balconies, and amenities aimed at families and professionals.
This adds a ₹950+ crore project to Brigade's residential pipeline, supporting future revenue visibility, though completion is five years away. Near-term impact on stock is limited as the project will be recognized as revenue progresses over the coming years.