Brigade Group inks MOU with Singapore's GIC for residential investments

01 Sep 2014

Brigade Group and GIC, Singapore's sovereign wealth fund, through its affiliate Company, have entered into a Memorandum of Understanding (MOU) to jointly invest up to Rs 1,500 crore in residential and mixed-use developments in select cities of South India. The Joint Venture (JV) aims to acquire land for residential and mixed-use developments in cities primarily where the secular demand for high-quality residential unit is high.

Brigade Enterprises is a flagship company of Brigade Group, which is one of South India's leading property developers. The company has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area.

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