Brigade Group to Invest Rs 40,000 Crore Across Real Estate and Hospitality

Brigade Group plans to invest approximately Rs 40,000 crore over the next three years to develop a 40 million square feet pipeline across residential, office, retail and hospitality, with the real estate developer planning to double its office and hospitality portfolios.

The company, which is completing 40 years in business, will fund the planned development through internal accruals, project-level financing, strategic partnerships and other funding avenues.

Brigade Enterprises Ltd. Managing Director Pavitra Shankar said the investment plan will broadly follow the company’s existing business mix rather than prioritising one segment. “Brigade is looking to invest approximately ₹40,000 crore over the next three years for a 40 million square feet development pipeline. Of this, around 70% will be allocated to residential, 20% to office and retail, and 10% to hospitality.” 

The hospitality portfolio is therefore expected to receive around 10% of the planned investment, while the company intends to double its hospitality portfolio as part of its expansion across existing markets.

Brigade currently has an operating leasing portfolio of around 10 million square feet. Over the next three years, the group plans to expand across its residential, commercial, retail and hospitality businesses, along with emerging areas such as warehousing.

The company has developed more than 110 million square feet across over 300 projects in 10 cities over the past four decades. Bengaluru remains its key market, while Chennai and Hyderabad have become important markets for the group over the past decade.

Shankar said the company will focus on strengthening its presence in markets where it already operates rather than pursuing aggressive expansion into new cities.

“Bengaluru will continue to remain a big focus for us, but we will also look at deepening our presence across all our lines of business in the same markets,” she said.

Brigade is also evaluating a REIT as a potential monetisation route for its commercial and hospitality assets as the portfolio grows. Shankar said the company is currently focused on expanding the portfolio before deciding on the most suitable monetisation structure.

“We look at it as one of the potential monetisation options for that portfolio. The main thing we are looking at is growing the portfolio first, and then we will see whether, at that point in time, the best way to monetise is a REIT or any other option,” she said.

The planned development programme is expected to generate around 23,000 direct and indirect employment opportunities across construction, engineering, hospitality, retail, facility management and technology.

The three-year plan signals a focus on increasing the scale of Brigade’s existing portfolio, with the company looking to build its presence across its established markets rather than adding new locations at an aggressive pace.