Brigade Enterprises gains on launching Brigade Gateway in Hyderabad
Brigade Enterprises is currently trading at Rs. 1219.75, up by 2.35 points or 0.19% from its previous closing of Rs. 1217.40 on the BSE.
The scrip opened at Rs. 1215.00 and has touched a high and low of Rs. 1219.95 and Rs. 1206.10 respectively. So far 807 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1451.90 on 25-Jun-2024 and a 52 week low of Rs. 826.30 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1319.20 and Rs. 1206.10 respectively. The current market cap of the company is Rs. 29653.44 crore.
The promoters holding in the company stood at 41.37%, while Institutions and Non-Institutions held 42.48% and 16.14% respectively.
Brigade Enterprises has launched Brigade Gateway at Neopolis, Kokapet, Hyderabad, approximately a 10-acre mixed use development. Brigade Gateway will be Hyderabad’s most integrated lifestyle mixed-use development and includes a World Trade Center, Brigade Residences, a 300+ keys Intercontinental Hotel and a destination lifestyle mall, Brigade’s Orion Mall.
The Brigade Gateway Residences will be one of the tallest buildings in Hyderabad featuring around 600 premium residences in 3, 4 and duplex 5-bedroom formats across 58 floors and will have a sales potential of Rs 3,300 crore. Brigade Residences includes a thoughtfully curated selection of world-class amenities, crafted to provide an elevated living experience at the pinnacle of luxury. As a green certified development, it will incorporate solar power generation, stormwater harvesting, and an on-site sewage treatment plant for water reuse.
The commercial tower, standing at 212 metres, is poised to become an iconic addition to the city skyline. It will feature Orion Mall on the first seven floors, the World Trade Center spanning 22 floors, InterContinental across 12 floors, and two floors dedicated to serviced residences.
This will be the fourth World Trade Center developed by Brigade Group among the six licenses it holds, offering flexible office spaces with the largest floor space at approximately 4,000 square meters. This skyscraper will be iconic in its own right, featuring cutting-edge, ultra-high-speed information network facilities, a comprehensive international design, and state-of-the-art security functions.
Brigade Gateway’s design seamlessly integrates various asset classes while maintaining a core focus on sustainability. With approximately 10,000 employees across offices and commercial spaces, and around 3,000 residents, Brigade Gateway is poised to become a landmark in the city.
Brigade Enterprises, Brigade Group's flagship company, is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.