Business Standard

Sunday, December 22, 2024 | 09:06 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Brigade Enterprises signs JDA for residential project in Chennai; stk up 6%

The Joint Development Agreement is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai

Brigade Group
Premium

Brigade Group logo (Credit: www.brigadegroup.com)

SI Reporter New Delhi
Shares of Brigade Enterprises surged 5.8 per cent to Rs 467 apiece on the BSE, in an otherwise weak market, on Tuesday after the company announced signing of a Joint Development Agreement to develop around 2.1 million square feet in Chennai. At 9:30 AM, shares of the real estate player were ruling 4.5 per cent higher at Rs 461 as against a 0.65 per cent dip in the benchmark S&P BSE Sensex.  

The JDA is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai, witnessing increasing infrastructure development. 

"South India will continue

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in