Live Breaking News & Updates on Brigade Enterprises Shares
Stay updated with breaking news from Brigade enterprises shares. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shares of Brigade Enterprises (BEL) rallied over 13 percent on Thursday to hit a new high of ₹983.65 apiece on the BSE after CRISIL reaffirmed the long-term rating for the credit facilities of ₹350 crores to be availed by the company from the bank(s). ....
Brigade Enterprises has a strong pipeline over the next year, of around 13 million square feet in Bengaluru, Hyderabad and Chennai, of which 11 million square feet is from residential projects ....
While they made a comeback when the Covid rally took place in 2020, multiple factors have kept the focus on the real estate stocks for the last more than two years. Excess inventory, over-leveraged balance sheets, issues of corporate governance, and weak demand were some of the factors that plagued the sector. Right from change in laws, competition weeding out of weak players, increase in demand taking care of excess inventory, new projects getting lapped at a higher price. A bigger one is that savings are once again shifting toward real estate as an asset class. ....
Currently, the Brigade Enterprises has 7.4 million sq ft of leasable office space and 1.31 million sq ft of leasable retail space. Apart from the office and retail, the company has a land bank of 36 million sq ft, and most of the land bank is located in Bengaluru.Business wise, real estate, leasing and hospitality segments contribute 67%, 22%, and 11%, respectively to the total revenue of the company. ....