Brigade Group and Bain Capital have entered into a joint venture for a mixed use project in Bengaluru. The companies announced the partnership on Wednesday, April 29. The project will be developed at an estimated investment of 2,200 INR-Crore. It will be executed through a 50:50 joint venture structure.
The development will come up on an anticipated 11 Acres land parcel located on ITPL Main Road, Whitefield. Furthermore, it will have a total development potential of 2 Million-SqFt. The project will include Grade A office space and a five-star hotel. It will be near the Whitefield Metro Station to ensure connectivity. The integrated development targets demand for premium commercial and hospitality infrastructure in the corridor.
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The Brigade Bain Bengaluru project will further strengthen institutional investment in Bengaluru’s commercial real estate market. It will also support expansion of Grade A office supply and hospitality infrastructure in Whitefield. Consequently, the development will contribute to ongoing growth in the city’s key technology corridor.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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