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Brigade Group inks pact to develop new office space

06 Aug 2024 Evaluate

Brigade Group through its wholly owned subsidiary - Brigade Tetrarch - has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs 100 crore per year, with an investment of close to Rs 750 crore.

The project is strategically located on, Airport Road, NH 44, a prime commercial hub in Bengaluru, with excellent connectivity and accessibility.

Brigade Enterprises, Brigade Group's flagship company, is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.


Peers
Company Name CMP
Lodha Developers 1067.75
Prestige EstatesProj 1408.70
Dilip Buildcon 398.85
DLF 636.35
Oberoi Realty 1671.00
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