NIRUPA SHANKAR
Brigade Enterprises signs Hyatt Hotels to manage two hotels in Bengaluru
Brigade Enterprises Ltd has forged a partnership with Hyatt Hotels Corporation to launch two new hotels in Bengaluru, including the Hyatt Regency Bengaluru at Brigade Global Park and an additional property on Whitefield-Kadugodi Road. With a combined total of 600 rooms, this collaboration further enhances Brigade's commitment to developing hospitality within mixed-use spaces, leveraging Bengaluru's strong business travel market for growth.
Brigade Enterprises aims 21pc rise in FY27 pre-sales at Rs 9,000 cr on strong housing demand: MD Pavitra Shankar
Brigade Enterprises expects pre-sales to grow 21% to Rs 9,000 crore in FY27, driven by strong demand for mid-income and premium homes, particularly in the Rs 1-3 crore segment. The Bengaluru-based real estate developer has 16 million sq ft of upcoming launches and plans to invest Rs 40,000 crore over the next three years in housing, commercial, hospitality and warehousing projects across South India.
Bengaluru entrepreneur shares 5 things to check before buying your first property. ‘These can be dealbreakers if missed’
Navigating first-time property acquisition demands rigorous due diligence to mitigate high-stakes real estate risks. Before finalizing a land purchase, buyers must evaluate critical zoning laws, non-buildable setback requirements, and legal encumbrances to ensure optimal land utilization. Highlighted by Bengaluru entrepreneur Nirupa Shankar, assessing front road access dimensions, high-voltage utility corridors, stormwater drainage buffers, ecological proximity limits, and historic right-of-way pathways serves as an essential preliminary checklist for prospective real estate investors.
Bengaluru entrepreneur shares 5 books that changed how she thinks about work, life and relationships
Bengaluru entrepreneur Nirupa Shankar has shared five books that she believes can contribute to personal and professional growth. The selection explores themes such as building strong networks, developing mental resilience and finding strength while navigating adversity. Together, the books offer lessons on creating meaningful relationships while also encouraging readers to embrace gratitude, practise self-acceptance and grow through life’s challenges.
Authenticity, adaptability, zero aggression: Bengaluru entrepreneur shares 3 life lessons the city taught her
In the fast-paced city of Bengaluru, residents encounter unique situations that offer valuable lessons in life. Bengaluru entrepreneur Nirupa Shankar highlights the importance of staying true to oneself while navigating the city’s diverse environment. Her experiences with Bengaluru’s notorious traffic have taught her the importance of adapting to circumstances, showing that success does not always require an aggressive approach but can instead come from being thoughtful in both personal and professional life.
HealthEdge leases 11 floors office space at Brigade Square in Thiruvananthapuram
HealthEdge has leased office space across eleven floors in Thiruvananthapuram. This expansion signifies global companies increasing their technology and operations footprint. The leased area spans approximately 1.62 lakh sq ft within Brigade Square. This new campus will house engineering, product development, and operations teams. Brigade Group is also developing a World Trade Center within Technopark.
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Brigade Group, Bain Capital JV to develop 2 million project in Bengaluru
Brigade Group and Bain Capital are partnering for a major development in Bengaluru. This 50:50 joint venture will create a 2 million square feet mixed-use project. The investment is approximately Rs 2200 crore. The project will feature Grade A office space and a five-star hotel. It is located on ITPL Main Road, Whitefield, near the metro station.
Brigade Enterprises shares in focus after acquiring 11 acres near ITPL in Bengaluru for Rs 2,000-crore commercial project
Brigade Enterprises has acquired an 11-acre land parcel near ITPL, Whitefield, to develop a premium office project with 1.5 million sq ft of leasable space and a GDV of over Rs 2,000 crore. The company also announced a residential project in Malur. Analysts remain bullish, with a 40% upside target and a 'Strong Buy' rating.
Brigade and Gruhas launch Rs 300 cr Earth Fund to drive real estate tech and sustainability solutions
Brigade Group and Gruhas have introduced The Earth Fund, India's first real estate tech and sustainability-focused investment fund, with a corpus of Rs 300 crore. The fund aims to support early-stage tech startups innovating in real estate, construction, and sustainability solutions, targeting ventures in Pre-Series A and Series A stages.
Nikhil Kamath on the great housing debate: Why he opted to buy over rent
In a recent episode of Nikhil Kamath's podcast, "WTF is with Nikhil Kamath," the billionaire co-founder of Zerodha delved into the age-old debate of whether buying or renting is a better option. Joined by top real estate figures Irfan Razack of Prestige Group, Nirupa Shankar of Brigade Group, and Karan Virwani of WeWork India, Kamath explored both sides of the argument, discussing the financial implications, real estate’s illiquidity, and personal preferences. The debate also highlighted insights from wealth advisors on the returns of real estate as an investment option.
Planning to launch another healthy pipeline of at least 10 to 12 million sq feet: Nirupa Shankar, Brigade Group
The last couple of years have been very good, not just for us, for the industry as a whole but mostly for established players with a good reputation and good products launched in good locations.
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.
Arvind Rao appointed head of Brigade Group’s commercial business
Arvind Rao has over 17 years of experience in the office space segment, having represented developers and tenants as a consultant. Prior to joining Brigade, Arvind worked with DivyaSree Developers and Mapletree on the Development side and with CB Richard Ellis and Cushman & Wakefield as a transaction management profession in their tenant representation divisions.
Sidvin Core-Tech India leases 54,000 sq ft in Bangalore's Brigade Deccan Heights
Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited, said, “Northwest Bengaluru is fast becoming a much sought-after area for commercial Grade A office establishments. The region is growing phenomenally and emerging as a significant Micro market in the city”.
Buy Brigade Enterprises, target price Rs 650: ICICI Direct
Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12636.02 Crore) operating in Real Estate sector.
Buy Brigade Enterprises, target price Rs 638: ICICI Securities
Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12566.80 Crore) operating in Real Estate sector.
Buy Brigade Enterprises, target price Rs 620: ICICI Direct
The brokerage likes Brigade in the real estate space as it is a play on strong portfolio of assets in southern market.
Buy Brigade Enterprises, target price Rs 632: HDFC Securities
Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11187.14 Crore) operating in Real Estate sector.
Buy Brigade Enterprises, target price Rs 629: ICICI Securities
Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10532.27 Crore) operating in Real Estate sector.
Buy Brigade Enterprises, target price Rs 720: Motilal Oswal Financial Services
Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10581.84 Crore) operating in Real Estate sector.
Brigade appoints Mr. Ravi Ahuja as COO – Commercial
Ahuja will lead sales, marketing, strategic planning, and will be responsible for driving the growth and profitability in asset management revenues and operations of the company’s commercial office business.
Buy Brigade Enterprises, target price Rs 619: HDFC Securities
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 920.28 crore, down 4.61 per cent from last quarter total income of Rs 964.72 crore and up 135.05 per cent from last year same quarter total income of Rs 391.52 crore.
IIFL Securities initiated buy on Brigade Enterprises, target price Rs 302
The brokerage expects Brigade's operating cash flows to clock above 20% compounded growth over FY19-22.
Brigade Enterprises to hive off hotel business into separate arm
The Bengaluru-based developer hold hospitality assets under the parent company, while Brigade Hospitality Services Ltd (BHSL) is into management of a range of hospitality projects.
Dairy beverage maker DropKaffe raises a bridge round of Rs 3.33 crore
The firm manufactures its line of cold coffees and bottled dairy beverages including milkshakes and markets them across 100-plus modern-trade stores.
Brigade to invest Rs 240 crore in hotels in Kochi, GIFT City
Brigade Hospitality Services, part of Bengaluru-based real estate developer Brigade Group, plans to invest an estimated Rs 240 crore to build two four-star hotels
Top 5 reasons why developers build hotels
"Why do you build hotels?" This is a question most Indian developers get asked by bankers and institutional investors regularly.
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