Brigade Group plans ₹40,000 crore investment; evaluating REIT as potential monetisation route
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- ✓Brigade Group plans to invest ₹40,000 crore over the next three years to develop a 40 million square feet pipeline.
- ✓Managing Director Pavitra Shankar said, “Brigade is looking to invest approximately ₹40,000 crore over the next three years for a 40 million square feet development pipeline.” The firm will expand across India.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Brigade Enterprises expects the second half of FY27 to remain more important for launches and sales, in line with the seasonal pattern seen in previous years. The company's MD Pavitra Shankar said there has been positive momentum in approvals, particularly in Karnataka, but the company remains heavily dependent on approvals for its H2 pipeline.
By Meghna Sen
Brigade Group plans to invest around ₹40,000 crore over the next three years to develop a 40 million square feet pipeline across residential, office, retail and hospitality, as the real estate developer looks to scale its presence in its existing markets and double its office and hospitality portfolios.
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CNBC TV18
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