ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Brigade Group Buys 11-acre Bengaluru Land for Rs 20 Bn Offices
Real Estate

Brigade Group Buys 11-acre Bengaluru Land for Rs 20 Bn Offices

Bengaluru-based publicly listed real estate developer Brigade Group has acquired an 11-acre land parcel in Whitefield, one of the city’s prominent business and technology corridors. The company plans to develop a premium Grade A office project on the site, with a built-up area of approximately 1.5 million sq ft and an estimated gross development value of Rs 20 billion.

This acquisition highlights Brigade Group’s ongoing commitment to expanding its footprint in the commercial real estate segment in Bengaluru. The company emphasized that Whitefield continues to attract strong office space demand, largely driven by its metro connectivity and dynamic corporate environment.

Brigade Group is also gearing up to significantly expand its commercial real estate portfolio. The developer is planning to add 8 million sq ft of office space. These projects, which are at various stages of design and construction, will be distributed across cities including Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi.

Currently, the company manages 10 million sq ft of office space. Of the new developments, nearly half will be based in Bengaluru and are expected to include large-scale office parks across key urban centres.

News source: Hindustan Times

Bengaluru-based publicly listed real estate developer Brigade Group has acquired an 11-acre land parcel in Whitefield, one of the city’s prominent business and technology corridors. The company plans to develop a premium Grade A office project on the site, with a built-up area of approximately 1.5 million sq ft and an estimated gross development value of Rs 20 billion. This acquisition highlights Brigade Group’s ongoing commitment to expanding its footprint in the commercial real estate segment in Bengaluru. The company emphasized that Whitefield continues to attract strong office space demand, largely driven by its metro connectivity and dynamic corporate environment. Brigade Group is also gearing up to significantly expand its commercial real estate portfolio. The developer is planning to add 8 million sq ft of office space. These projects, which are at various stages of design and construction, will be distributed across cities including Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi. Currently, the company manages 10 million sq ft of office space. Of the new developments, nearly half will be based in Bengaluru and are expected to include large-scale office parks across key urban centres. News source: Hindustan Times

Next Story
Real Estate

CCI Clears Knowledge Realty REIT's Acquisition of Blackstone, Sattva Units

The Competition Commission of India has approved the acquisition by Knowledge Realty Trust of various entities linked to the Blackstone Group and/or Sattva Group.The proposed transaction involves the direct and indirect acquisition by Knowledge Realty Trust—acting through its manager, Knowledge Realty Office Management Services Private Limited (formerly Trinity Office Management Services Private Limited)—of a number of target entities. These include companies solely owned by Blackstone, others by Sattva, and some jointly held by both groups. In exchange for this acquisition, the existing s..

Next Story
Infrastructure Urban

CCI Approves Indorama’s 24.9 per cent Stake Buy in EPL Limited

The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited’s share capital.EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.A detailed order from the Commission is expected to be issued shortly. ..

Next Story
Infrastructure Urban

IWAI Opens Srinagar Office to Boost River Transport

In a significant development for the Inland Water Transport (IWT) sector in the Union Territory of Jammu and Kashmir, the Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has established a new office at Srinagar’s Transport Bhawan. The premises have been provided by the Jammu and Kashmir government, and the office will be operational from today. It will serve as the hub for all IWT-related projects in the region.IWAI has entered into a Memorandum of Understanding (MoU) with the Union Territory’s government to develop inland navigation infrast..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement