In a strategic move, the Bengaluru-based real estate developer, Brigade Group, has inked a joint development agreement (JDA) to construct 3 lakh sq ft of Grade A office space in the bustling eastern IT corridor of Whitefield, Bengaluru. This significant development, located on ITPL Road, comes with a promising potential gross development value of Rs 340 crore.
Expansion Plans Across Key Cities
The Brigade Group is set to reinforce its presence in key cities such as Bengaluru, Hyderabad, and Chennai, while also eyeing expansion into smaller yet burgeoning markets like Thiruvananthapuram and Kochi. With a dedicated focus on commercial development, the company aims to meet the growing demand for high-quality office spaces in these dynamic urban centers.
Strategic Partnerships for Growth
In pursuit of excellence and innovation, Brigade Group has partnered with United Oxygen Company Private Limited for this ambitious project. This collaboration underscores the company's commitment to delivering top-tier work facilities that cater to the evolving needs of professionals in Bengaluru's vibrant tech hub.
Future Retail Expansion
Looking ahead, Brigade Group aims to diversify and expand its retail portfolio substantially. Plans include the addition of a destination mall in Hyderabad covering approximately 0.6 million sq ft, along with two smaller malls integrated into ongoing township developments in Bengaluru. This expansion strategy reflects the company's vision to create vibrant retail destinations that resonate with evolving consumer preferences.
Doubling Down on Growth
With a keen eye on future growth prospects, Brigade Group aims to enhance its operational footprint by adding 4.5 million sq ft of office space within the next two years across Bengaluru, Hyderabad, and Chennai. This aggressive expansion strategy reaffirms the company's commitment to driving innovation, sustainability, and economic growth in India's real estate sector.
The announcement of Brigade Group's latest venture underscores its position as a pioneering force in India's real estate landscape. By leveraging strategic partnerships, innovative design, and a customer-centric approach, the company remains poised to redefine urban living and working experiences while contributing to the economic vitality of key cities across the country.
Image source- biltrax.com
