Brigade Enterprises shares in focus as it leases 4,859 acre land to develop IT infra in Kerala for 90 years

Shares of Brigade Enterprises Ltd. are in focus on Thursday, November 27, after it said it inked a lease deed for 4,859 acre of land in Kerala for 90 years.

Brigade Group has signed the deed with Electronics Technology Parks for the development of IT infrastructure in Technopark Phase I in Thiruvananthapuram, Kerala.

The property will have an overall developmental potential of around 1.2 million square feet, comprising World Trade Center Trivandrum with A Grade office space and a five-star hotel of more than 200 keys, the company said.

On another note, Brigade Group is aiming for 15%-20% pre-sales growth in the financial year 2026, backed by a strong demand and a heavy pipeline of new launches across key southern markets.

The company's managing director Pavitra Shankar said the firm remains on track to achieve its targets, despite only low single-digit growth in the first half of the year.

She said around 40% of the annual pre-sales target had already been achieved, in-line with the prior two years, when approvals and large launches were concentrated in the second half.

Shares of Brigade Enterprises ended the previous session 1.3% up at ₹911.2 apiece. The stock has declined 12% in the past month and 26.5% in 2025, so far.

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