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

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Next Story
Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Next Story
Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement