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