Brigade to buy 2.25-acre land in Secunderabad for 650 Cr project
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 1.9 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Brigade Enterprises has signed an agreement to purchase a 2.25-acre prime land parcel in Secunderabad via outright purchase. The company plans to develop a premium residential project with an estimated Gross Development Value (GDV) of about 650 Crores. The acquisition supports Brigade's strategy of expanding its footprint in Telangana and adding projects in high-growth corridors. Brigade is a leading property developer established in 1986, with a diversified portfolio across residential, office, retail, hospitality, and education sectors in multiple Indian cities.
Expands Brigade's residential pipeline with a 650 Cr project in Secunderabad, reinforcing its Telangana growth strategy. Positive for revenue visibility.