GIC to infuse Rs 2,800 crore in Bengaluru’s Bhartiya city

21 Feb 2022 CW Team

Singapore's sovereign wealth fund, GIC, is in discussions with the Bhartiya Group to infuse Rs 2,800 crore in its commercial project in Bengaluru.

The agreement will witness GIC acquiring 3 million sq ft of commercial assets in Bhartiya City, a 125-acre township project, from the builder, along with some revenue from its facility management business. The money will be utilised by the Bhartiya Group to repay part of its debt on commercial property that accommodates companies like IBM and Infosys.

There is a debt of more than Rs 1,000 crore against the commercial development. GIC is presently doing due diligence on the assets and will additionally acquire some other commercial buildings once achieved and leased.

For GIC, this is the second-largest agreement in South India this year. The fund, together with the Brigade Group, is additionally in the final stage of purchasing 5.5 acres of prime real estate along Chennai's iconic Mount Road (Anna Salai) belonging to the TVS Group in a deal valued at over Rs 550 crore.

GIC is very aggressive in the market and is looking to further boost its commercial portfolio. The Brigade agreement is also anticipated to close shortly. GIC is the world's sixth-largest sovereign wealth fund with $440 billion in assets under management. The company has lately funded over Rs 5,500 crore in Reliance Retail Ventures.

Image Source

Also read: MahaRERA issues order to provide certificates to realty authority

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..