BRIGADE PROPERTIES
Brigade Enterprises to invest Rs 8,000 cr in Chennai by 2030 to build homes, offices, malls, hotels
Brigade also announced the launch of a new project, 'Brigade Icon Residences', which is part of a mixed-use development located in the heart of Chennai's historic Mount Road. The GDV will be over Rs 1,800 crore. In Chennai, Brigade Group has already completed over 5 million square feet across residential, office, hospitality and retail real estate. Its flagship project, World Trade Center Chennai, is over 90 per cent leased.
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Properties worth Rs 1.17 lk cr sold by 18 listed realty firms in FY24; Godrej properties at top
Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.
Huge opportunity in defence stocks over next 3-5 years; 2 must-haves in portfolio: Hemang Jani
Hemang Jani foresees significant opportunities in defence, real estate sectors, and potential comebacks in Tata Motors and Biocon. Strategic tie-ups, loan growth, and M&A activities are key factors influencing stock re-ratings. Among defence stocks, "Bharat Electronics and HAL are the two names that we should have as part of the core portfolio and these companies can give a 16% to 20% kind of CAGR over the next two to three years."
IHG Hotels & Resorts and Brigade Group ink deal for maiden InterContinental hotel in Hyderabad
IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part of Brigade's mixed-use development project. The hotel will offer five dining options, conferencing facilities, a fitness center, spa, swimming pool, outdoor recreation area, and retail outlet.
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Rising heat makes water a key selling point for Indian builders
Large property developers in India are incorporating water conservation measures into their projects to mitigate environmental impact and address the challenges of water stress and the looming summer heatwave. This proactive approach promotes city resilience and sustainability amid climate change, safeguarding citizen well-being and equity.
Standard Chartered has no intention to divest Chennai property for now
The land originally belonged to ANZ Grindlays Bank and was part of the takeover by Standard Chartered, with backend support being operated from there. It also has 500,000 sq ft of built area in the Nungambakkam area.
Brigade Group to invest ₹400 crore to develop office space in Chennai
Brigade Enterprises Limited has partnered with Agni Estates for Brigade Tech Boulevard, a Grade A office project in Chennai. The firm plans significant office and retail developments, aiming for sustainability and quality, with a focus on revenue growth and high occupancy rates.
Brigade Group signs a joint development agreement with United Oxygen Company
Brigade Enterprises Limited has signed a JDA with United Oxygen Company to develop 3 million sqft of office space in Bengaluru. The project on ITPL Road, Whitefield, aims to generate Rs 340 crores. Brigade plans to launch 5 million sqft of projects in the next year. Q3 FY24 saw a 24% revenue increase for Brigade.
Brigade Enterprises' stock has given 98% return in last one year; why it is this week's stock pick
Brigade’s 2024 launch pipeline includes 14 residential projects in Bengaluru, Chennai and Hyderabad with Rs.10,000-cr development value.
Realty stocks jump over 7% after RBI MPC leaves repo rate unchanged
The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.
Brigade Group signs a Joint Development Agreement with United Oxygen Company
Brigade Enterprises Limited and United Oxygen Company collaborated for a 3M sqft office space project in Bengaluru, emphasizing sustainability and market demand, targeting Rs 500 crores exit rentals with a strong leasing performance.
Mercedez Benz research wing expands Bengaluru presence
The company will pay a rent of ₹72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. The company also renewed its lease with Embassy Crest in Whitefield from Embassy Property Developments for 60 months at the end of 2023. Mercedes-Benz Research and Development India is planning to hire over 1,000 engineers in India in the upcoming year, as per market information.
BHIVE launches its maiden hard commercial real estate sale at Brigade Metropolis, Bengaluru
BHIVE Properties, the commercial real estate investment arm of BHIVE Group, is offering retail investors the chance to own Grade A commercial property in Bengaluru. The property, located at Brigade Metropolis, is pre-leased for 15 years, providing stable monthly returns. Retail investors will have direct ownership of an allotted area and can earn annual rentals of up to 10.6%, with an expected internal rate of return exceeding 15% per annum
Indians not hesitant to buy homes in newly-launched projects, under construction projects back in demand: Report
With the implementation of RERA, homebuyers are now more confident in buying newly-launched projects. Strong sales have been reported by developers like DLF, Godrej, Sobha, Brigade, Lodha, TARC, Signature Global, and Max Estates. The NCR real estate market is undergoing a transformation.
Realty stocks buzzing on Dalal Street as 8 turn multibaggers in FY24; what’s your top bet?
The unprecedented demand across key metropolitan cities and beyond is the primary trigger for the rally in shares.
No stress in demand in Bangalore, Chennai or Hyderabad: Pradyumna Krishnakumar, Brigade Group
Pradyumna Krishnakumar, Executive Director of Brigade Group, discusses the company's dynamic pricing strategy, strong demand in Bangalore and other cities, and the management of cost pressures. The company has signed MOUs for four projects with the Tamil Nadu government, contributing to its residential launch calendar. Krishnakumar says "the more we launch at this juncture, the more it is getting absorbed. This is one of those few periods where sales momentum is going hand in hand with price increases."
Realty index closes at 15-year high, 'stocks a buy on dips'
Shares of Bengaluru-based Sobha jumped 15.82% to an all-time high closing of Rs 1,296.60 after brokerage Motilal Oswal Financial set a price target of Rs 1,400 on the stock while rating it as one of the top picks for 2024.
Brigade Group enters into JDA with Krishna Priya Estates and Micro Labs
“We anticipate the project to yield a revenue realization of Rs 2,100 crores on completion. This project will be designed and executed keeping in mind customer preferences for quality and sustainability,” said Pavitra Shankar, Managing Director, Brigade Enterprises Limited.
Nifty Realty index hits 15-year high; Prestige Estates leads with 19% rally
The price action was accompanied with strong volume as more than 69.32 lakh shares changed hands on the NSE around 12:50 pm, with the total traded value of the stock standing at Rs 520.11 crore.
These 5 realty stocks can rally up to 27%, according to Motilal Oswal
Brokerage Motilal Oswal Financial Services (MOFSL) has listed five picks from the realty space, which can offer up to 27% upside to investors. Time to buy?
Number of smallcap gainers fall further this week as bearish trend grips markets
The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.
Robust home sales improve realty companies' liquidity profile
The sustained sales momentum witnessed in the housing property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic.
Sustained housing sales helps improve developers’ liquidity, credit profile
Major real estate developers in India have seen their liquidity and credit profiles improve despite the Covid-19 pandemic, thanks to strong sales momentum in the housing market. Collections and realizations have climbed for major developers across India's top property markets, giving them added strength in leveraging their credit profiles. Companies like DLF, Godrej Properties and Oberoi Realty have seen their gross debts decline by over 42% since the pandemic began in 2019.
Stock market update: Nifty Realty index advances 0.03%
The Nifty Realty index closed 0.03 per cent up at 536.3.
Stock market update: Nifty Realty index advances 0.29% in a weak market
The Nifty Realty index was trading 0.29 per cent up at 537.7.
Stock market update: Nifty Realty index advances 0.78% in an upbeat market
The Nifty Realty index was trading 0.78 per cent up at 539.25.
Stock market update: Nifty Realty index falls 0.85%
The Nifty Realty index closed 0.85 per cent down at 535.05.
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