Scaling up for annuity growth

Pavitra Shankar, Managing Director, Brigade Group, is steering the company into a capital expenditure cycle of up to Rs 20,000 crore, aimed at scaling its residential, office, retail and hospitality portfolio. The investment will be funded through a mix of internal accruals, construction finance and debt. Brigade plans to launch 11.5-12 million sq ft of residential projects in FY27, with an estimated gross development value of Rs 12,000-13,000 crore. Shankar has also indicated that the company has headroom to raise additional debt to support its expansion plans.

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