New Delhi: Brigade Group has entered into a joint venture with Bain Capital to develop 2 million mix used project in Bengaluru.
The project will be developed through a 50:50 joint venture between the two partners with a total project investment of approximately Rs 2200 crore on an approximately 11-acre land.
Located on the ITPL Main Road, Whitefield, Bengaluru, adjacent to the Whitefield Metro Station, the project is planned as an integrated development of around 2 Mn Sqft comprising Grade A office space and a five-star hotel to be operated by a leading international hotel brand.
"This collaboration underscores the growing institutional appetite for high-quality Indian commercial and hospitality real estate and represents a significant investment by Bain Capital into the Indian real estate sector. We are constantly on the lookout for opportunities to strengthen the Brigade footprint in key markets that we operate in,” said Nirupa Shankar, Joint Managing Director, Brigade Group.
Whitefield remains one of Bengaluru's most sought-after commercial corridors, home to a dense concentration of global technology and Fortune 500 occupiers.
“Whitefield is one of Bengaluru’s most important commercial corridors, underpinned by strong occupier demand, infrastructure connectivity, and long-term growth,” said Sarit Chopra, a Partner at Bain Capital.
This project aims to address the rising demand for quality commercial and hospitality infrastructure in one of India’s most prominent technology corridors. For Brigade Group, the joint venture further strengthens its commercial development portfolio in Bengaluru and aligns with its long-term strategy of partnering with global institutional capital to deliver large-scale, premium assets.
This investment also reflects Bain Capital’s broader activity in India, where the firm has continued to expand its presence in real estate, with an approach rooted in asset-backed opportunities and partnership-led investing.
The project will be developed through a 50:50 joint venture between the two partners with a total project investment of approximately Rs 2200 crore on an approximately 11-acre land.
Located on the ITPL Main Road, Whitefield, Bengaluru, adjacent to the Whitefield Metro Station, the project is planned as an integrated development of around 2 Mn Sqft comprising Grade A office space and a five-star hotel to be operated by a leading international hotel brand.
"This collaboration underscores the growing institutional appetite for high-quality Indian commercial and hospitality real estate and represents a significant investment by Bain Capital into the Indian real estate sector. We are constantly on the lookout for opportunities to strengthen the Brigade footprint in key markets that we operate in,” said Nirupa Shankar, Joint Managing Director, Brigade Group.
Whitefield remains one of Bengaluru's most sought-after commercial corridors, home to a dense concentration of global technology and Fortune 500 occupiers.
“Whitefield is one of Bengaluru’s most important commercial corridors, underpinned by strong occupier demand, infrastructure connectivity, and long-term growth,” said Sarit Chopra, a Partner at Bain Capital.
This project aims to address the rising demand for quality commercial and hospitality infrastructure in one of India’s most prominent technology corridors. For Brigade Group, the joint venture further strengthens its commercial development portfolio in Bengaluru and aligns with its long-term strategy of partnering with global institutional capital to deliver large-scale, premium assets.
This investment also reflects Bain Capital’s broader activity in India, where the firm has continued to expand its presence in real estate, with an approach rooted in asset-backed opportunities and partnership-led investing.
