Brigade Group expands Mysuru footprint with premium residential project

** Brigade Enterprises is expanding its residential portfolio in Mysuru by signing a Joint Development Agreement (JDA) to develop 10 acres and 37 guntas of land into a premium residential project. The project, strategically located in the heart of Mysuru, is expected to have a Gross Development Value (GDV) of INR225 crores, including a mix of premium plots and apartments. This move reinforces Brigade's commitment to the Mysuru market, where it already has approximately 30 projects across residential, office, retail, and hospitality sectors. In addition to this expansion, ICRA Limited has reaffirmed Brigade Enterprises' long-term credit rating at [ICRA] AA- (Stable) and short-term credit rating at [ICRA] A1+. These ratings apply to the company's credit facilities from banks and institutions, including INR2536 crore in long-term fund-based term loans and INR250 crore in long-term fund-based CC/OD. The ratings validation by ICRA underscores the company's financial stability and creditworthiness.