Brigade Group signs JDA for office space in Bengaluru with a development value of ₹500 crore

The Grade A office space is expected to come up on Sankey Road in Bengaluru’s Central Business District HT News Desk

Published on: Dec 7, 2023, 11:41:26 IST

By Vandana Ramnani

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Brigade Group has entered into a Joint Development Agreement (JDA) to develop a premium Grade A office space in Bengaluru’s Central Business District, with a development value of ₹500 crore.

The developable area of the project is around 0.20 million square feet, the company said.

“This development aligns seamlessly with our commitment to expanding our commercial portfolio. This is a marquee property, and we are happy to be developing it. Further, we are confident that this project will perfectly align with the growing need of an ideal solution for professionals seeking top-tier work facilities,” said Nirupa Shankar, Joint Managing Director, Brigade Enterprises Limited.

Earlier this week, the company announced plans to enter into a partnership to develop a luxury housing project in Mysuru with an estimated revenue potential of ₹300 crore.

The company has entered into a joint development agreement with land owners to develop a luxury housing project spread over 4 acres in Mysuru. Last month, the company had entered into a partnership with Krishna Priya Estates and Micro Labs to develop close to 2 mn sq ft of residential project in Bengaluru with a Gross Development Value of ₹2100 crore. The 14-acre land parcel is located in North Bengaluru.

In recent quarters, Brigade has witnessed increasing tenancy enquiries, which is an indication of improving corporate sentiments.

Established in 1986, Brigade Enterprises Ltd has completed over 80 million square feet of landmark buildings in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, GIFT City-Gujarat, and Thiruvananthapuram, with developments across residential, office, retail and hospitality.

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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