Brigade Group Unveils Residential Projects Valued at ₹2,700 Crore in Three Indian Cities

Brigade Group, a real estate developer based in India, has announced plans to invest ₹2,700 crore (approximately $362 million) in residential projects across Bengaluru, Chennai, and Hyderabad. The company’s primary focus will be on northern Bengaluru, where more than 80% of their upcoming launches are anticipated.

Among the key projects are the second phase of Brigade Eutopia in north Bengaluru and a new site in Kokapet, Hyderabad. The company has also made recent acquisitions, including properties valued at ₹9.82 crore (around $1.3 million) and over ₹500 crore (approximately $67 million) on Mount Road in Chennai.

In addition to its residential initiatives, Brigade Group aims to develop 2 million square feet of Grade A office space in Bengaluru. This strategy comes as apartment prices in the area have risen from ₹6,000 to ₹8,000 per square foot. Brigade Group has established itself as a significant player in the Real Estate Management and Development sector.

Despite its ambitious growth plans, Brigade Group is maintaining a cautious financial strategy. The company’s debt currently stands at ₹3,800 crore (about $509 million), with a low debt ratio of 0.5%. They possess a substantial land bank of 47 million square feet, further evidencing their conservative debt management.

Brigade Group’s market capitalization is approximately $46.26 million, accompanied by a P/E ratio of 12.59. The company’s revenue growth over the last twelve months was recorded at 7.25%, boasting a gross profit margin of 100%. These figures indicate the high quality of Brigade Group’s earnings, with free cash flow surpassing net income.

The firm’s robust earnings and steady increase in earnings per share suggest that it will continue its history of dividend payments, which have been consistent for 16 years.

This article was generated with the support of AI and reviewed by an editor.