Brigade Group Launches Brigade Misty Greens, a Premium Residential Development in Mysuru with a Revenue Potential of over Rs. 300 Crores
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brigade Enterprises has launched 'Brigade Misty Greens', a premium residential development in Mysuru executed through a Joint Development Agreement. The project spans 4.5 acres and has a projected revenue potential of over Rs. 300 crores. It offers 3 and 4 BHK apartments along with 14 exclusive duplex units, located near the Jayachamaraja Wadiyar Golf Club and Chamundi Hills. Brigade already has over 26 projects across residential, commercial and hospitality segments in Mysuru, and this launch strengthens its footprint in the city. The Managing Director described it as a significant milestone in the company's growth journey.
Mildly positive for Brigade's growth pipeline in South India. Because the project is being executed via a Joint Development Agreement, capital outlay is likely lower, which protects margins while still adding Rs. 300+ crores of future revenue. However, this is a relatively modest addition to Brigade's overall portfolio and unlikely to move the stock significantly on its own.