Brigade Group to Develop a 1.4 Million Square Feet Commercial Space in Bengaluru
Brigade Group, a leading real estate developer, has announced its entry into a Limited Liability Partnership (LLP) agreement to develop a massive 1.4 million square feet leasable office space in Bengaluru. The project, undertaken by Brigade Tetrarch Private Limited, is expected to not only generate significant lease income but also contribute to the growth of the local economy.
Commitment to World-Class Commercial Spaces
This new project reflects Brigade Group’s ongoing commitment to the development of sustainable, state-of-the-art commercial spaces. With the evolving needs of the workforce and the dynamic nature of business today, Brigade Group aims to create a commercial development that caters to both requirements.
Nirupa Shankar, the Joint Managing Director of Brigade Group, expressed her confidence in the development by stating, “We are dedicated to creating world-class, sustainable commercial spaces with amenities that will meet the needs of both the new-age workforce and businesses. With this project, we hope to set new benchmarks in the office segment and make a significant contribution to the economic growth of North Bangalore.”
An Investment in Growth
The proposed commercial development is estimated to require an investment of close to Rs. 750 Crores. This significant investment demonstrates Brigade Group’s belief in the potential growth of Bengaluru’s commercial real estate market. It also signifies the company’s commitment to meeting the increasing demand for quality office spaces in the city.
The project’s forecasted annual lease income close to Rs. 100 Crores suggests a positive return on investment and affirms Brigade Group’s intention to generate long-term revenue from the development. As the commercial workspace landscape continues to evolve, the developers are confident in their ability to attract tenants who value excellent design, functionality, and convenient location.
Prime Location and Connectivity
The project will be strategically located on Airport Road, NH 44, a renowned commercial hub in Bengaluru. This prime location offers exceptional connectivity and accessibility, appealing to both tenants and employees alike. The convenient commute options and easy access to transportation will provide businesses with a competitive advantage and ensure the smooth operation of their operations.
Bengaluru, with its thriving IT sector and growing list of multinational companies, has witnessed tremendous growth in the commercial real estate market. Brigade Group’s project will undoubtedly tap into this demand and cater to the needs of businesses looking for high-quality, well-connected office spaces.
Setting a New Standard
Brigade Group has established itself as a prominent player in the real estate industry. Their commitment to developing sustainable and world-class commercial spaces is evident in this latest project. With its strategic location, ample leasable space, and cutting-edge design, the Brigade Group’s development is expected to set new industry benchmarks in the office segment.
By providing top-notch amenities, catering to the evolving needs of the workforce, and contributing positively to Bengaluru’s economic growth, Brigade Group is demonstrating its commitment to creating outstanding and sustainable working environments. The success of this project will likely encourage further investment and development in the region, reinforcing Bengaluru’s position as a prime destination for businesses and commercial activities.
