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

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

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

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

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?