Brigade Group plans Rs.3,000 crore realty projects – Feedback

Buoyed by the fast revival in the country’s real estate sector, Brigade Group has decided to invest Rs.3,000 crore to expand its commercial property portfolio by 8 million sqft.

Bengaluru-based property developer currently has office projects spread over 12 million sqft. Chief executive-retail & commercial, Vishal Mirchandani said that the group will be building the assets mainly in southern India. Expansion of commercial portfolio will be funded by internal accruals, bank debt and commercial paper that the firm had raised in the past.

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