Arisinfa: sees INR2.50B GDV from Bengaluru villa project

Arisinfa: sees INR2.50B GDV from Bengaluru villa project

Bengaluru, July 2, 2025 — Brigade Enterprises has announced the launch of Brigade Lakecrest, a new residential project in Bengaluru, with a projected revenue potential of over Rs 950 crore. The project, developed under a joint development model, spans approximately 9.33 lakh square feet and is scheduled for completion by March 2030. Brigade Lakecrest features 604 premium 1, 2, and 3 BHK residences and is RERA approved [1].

The announcement comes amidst significant changes within the company. Chief Financial Officer Jayant B Manmadkar has resigned due to personal reasons. Pradyumna Krishna Kumar, the executive director, has been appointed as the interim CFO and key managerial personnel, effective October 10, 2025 [1].

In addition, Brigade Enterprises has entered into a long-term lease agreement for a prime site of about 7 acres on Old Mahabalipuram Road (OMR) in Chennai. The site will be developed into a landmark mixed-use destination featuring Grade A office space of over 1 million square feet and a 5 Star Deluxe Hotel of about 225 keys [1].

For the first quarter of the current fiscal, Brigade Enterprises reported a consolidated revenue of Rs 1,333 crore, up 20 percent from Rs 1,113 crore in Q1FY25. Profit after tax rose 95 percent year-on-year to Rs 158 crore from Rs 81 crore. Earnings before interest, taxes, depreciation, and amortization stood at Rs 375 crore, up 40 percent from a year earlier [1].

References:
[1] https://www.tradingview.com/news/moneycontrol:22752a495094b:0-brigade-enterprises-shares-in-focus-on-launch-of-residential-project-cfo-resignation/
[2] https://www.quiverquant.com/news/The+Gabelli+Dividend+%26+Income+Trust+Announces+Continuation+of+Monthly+Cash+Distributions+and+27%25+Annual+Increase+for+2025