The development will comprise three-bedroom and four-bedroom apartments along with 14 duplex units. The project is located near the Jayachamaraja Wadiyar Golf Club and Chamundi Hills, with access to commercial hubs, educational institutions, healthcare facilities and retail centres.
According to the company, the project is aimed at homebuyers and investors and forms part of its residential portfolio in southern India.
Brigade Enterprises said it continues to expand its presence in Mysuru, where it has undertaken more than 26 residential, commercial and hospitality projects.”Mysuru has been an important market for Brigade. We are the only listed player to have a strong presence in the city with over 26 projects across residential, commercial and hospitality,” Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said.
She added that Brigade Misty Greens is part of the company’s strategy to develop residential communities in locations offering long-term value and marks another step in its growth plans.
Brigade Enterprises shares were trading 0.9% up at ₹568.7 apiece at 2.30 pm on Tuesday. The stock has gained 6.2% in the past month but is down 15.5% this year, so far.
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