Brigade Group and Bain Capital Form Joint Venture to Develop Approx. 2 Mn Sq Ft Mixed-Use Project in Bengaluru
Bengaluru: Brigade Group, one of India’s leading real estate developers, today announced a strategic partnership with Bain Capital to develop a premium mixed-use project in Whitefield, Bengaluru. The project will be developed through a 50:50 joint venture between the two partners with a total project investment of approximately INR 2200 Cr. It will rise on an approximately 11-acre land parcel.
Strategically 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. Whitefield remains one of Bengaluru’s most sought-after commercial corridors, home to a dense concentration of global technology and Fortune 500 occupiers.
Commenting on the development, Nirupa Shankar, Joint Managing Director, Brigade Group said, “We are excited to begin our partnership with Bain Capital, one of the world’s leading private investment firms. 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. This resultant partnership demonstrates our strategic focus to aggressively expand our portfolio through institutional collaborations. By leveraging the financial strength of a fund managed by Bain Capital and our deep-rooted development expertise, we are optimizing our capital structure to accelerate high-value developments. This project is set to become a landmark development in the city’s urban landscape.”
“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. “We are pleased to partner with Brigade Group, one of India’s leading developers, on a high-quality development that brings together premium office and hospitality in a supply-constrained location.”
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.
