Published On:December 7 2023
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"Brigade Group Inks Joint Development Agreement for ₹500 Crore Grade A Office Space in Bengaluru's CBD"

Brigade Group, a leading real estate developer, has formally entered into a Joint Development Agreement (JDA) for the development of a premium 'Grade A' office space situated on Sankey Road in Bengaluru's bustling Central Business District. The project, boasting a developable area of approximately 0.20 million square feet, carries a Gross Development Value estimated at ₹500 crores.

Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, expressed enthusiasm about the strategic development, stating, "This aligns seamlessly with our commitment to expanding our commercial portfolio. This is a marquee property, and we are happy to be developing it. Further, we are confident that this project will perfectly align with the growing need for an ideal solution for professionals seeking top-tier work facilities."

The decision to embark on this project is backed by Brigade's observation of increasing tenancy inquiries in recent quarters, serving as an indicative marker of improved corporate sentiments. The Joint Development Agreement underscores Brigade Group's steadfast commitment to delivering high-quality and sustainable commercial spaces in Bengaluru's dynamic and evolving urban landscape.

The Grade A office space project on Sankey Road is positioned as a significant addition to Brigade's commercial portfolio, aiming to meet the burgeoning demand for top-notch workspaces in the city. The strategic location in Bengaluru's Central Business District further enhances the project's appeal, aligning with the evolving needs of professionals and businesses seeking superior work facilities.

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