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Brigade Enterprises announces new residential project with revenue potential of ₹950 crore in BengaluruThe company explained that the project will feature 604 premium 1, 2, and 3 BHK residences. The project will be located close to employment and social hubs of Whitefield, Marathahalli, and Indiranagar.By CNBCTV18August 23, 2025, 3:53:42 PM IST (Published)2 Min ReadBrigade Enterprises has announced the launch of a new residential project in Bengaluru. In an exchange filing released on August 23, the company said that the project, " Brigade Lakecrest", will be developed under a joint development model, with a total development area of approximately 9.33 lakh square feet.

Scope of Project 

According to the company, this project will be developed near Bhattarahalli Lake on Old Madras Road in the city of Bengaluru. The project has received RERA approval as of June 24, 2025. According to the company, the project is expected to be completed in March 2030.

The company explained that the project will feature 604 premium 1, 2, and 3 BHK residences. The project will be located close to employment and social hubs of Whitefield, Marathahalli, and Indiranagar.

Pavitra Shankar, Managing Director, Brigade Enterprises Limited, while speaking on the matter, said “This development enhances our already strong presence in Bengaluru in a key submarket with excellent social infrastructure as well as growth potential."

Pavitra Shankar further added, "With its premium positioning and connectivity, Brigade Lakecrest strengthens our growth pipeline and reinforces our focus on sustainable expansion across South India.”

Read Also: Brigade Enterprises to develop 7-acre office space with 5-star hotel in Chennai's OMR

Previous Projects 

This announcement comes just a day after the company inked a long-term lease agreement for a prime seven-acre site on Chennai's Old Mahabalipuram Road (OMR). In this project in Chennai’s key commercial corridor, the company intends to develop a landmark mixed-use project.

In its quarterly results for the first quarter of FY26, the company recorded a net profit of ₹150 crore. This meant a 79% year-on-year surge in its profit number, as the net profit for Q1FY25 stood at ₹83.7 crore.

The revenue increased 18.9% to ₹1,281 crore against ₹1,077 crore year-on-year.

In addition, the Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased to ₹323.9 crore, higher than ₹291.9 crore, rising by 11% in the April-July quarter.

When it comes to the company's performance on the equity markets, the company's shares declined on Friday, falling ₹5.10, or 0.53%. In the past month of trade, the company's shares have taken a relatively visible decline, falling in value by 8.28%. The current share price stands at ₹962.50 per share.

Also Read: Brigade Enterprises Q1 Results | Net profit zooms 79% to ₹150 crore; real estate, leasing drive growth

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