Brigade Group Expands into Industrial Real Estate with 25-Acre Park in Devanahalli
Brigade Enterprises Ltd. has officially entered the industrial real estate market with the launch of Brigade Industrial Park, a 25-acre development located in Devanahalli, near the Kempegowda International Airport in Bengaluru. The project is designed to offer around 2 million square feet of leasable space, catering to high-growth sectors such as Aerospace & Defence, IT/ITES, and Data Centres.
The park will be situated within the Hi-Tech, Defence & Aerospace Park (Phase I) and will feature cutting-edge infrastructure with flexible leasing and built-to-suit options. The company aims to provide occupiers with efficient, secure, and scalable environments that are tailored to the needs of specialized and technology-driven industries.
Amar Mysore, Executive Director of Brigade Enterprises Ltd., commented on the development, stating that the company's ultimate goal is to become a full-spectrum real estate developer. The entry into industrial real estate marks a significant milestone in Brigade's growth trajectory. By diversifying into this vertical, the company aims to play a pivotal role in transforming a high-growth sector that is ripe for innovation and change.
Mysore emphasized that Brigade will leverage its four-decade legacy in real estate to create high-spec, future-ready infrastructure suited to the needs of Aerospace & Defence, IT/ITES, and Data Centre companies. The industrial park is designed to act as a catalyst for innovation and sustainable growth, further solidifying Bengaluru's position as a global hub for excellence.
Sustainability is a key focus of the project. Brigade Industrial Park will integrate modern building practices and technologies to ensure long-term sustainability and operational efficiency. The development will prioritize eco-friendly infrastructure and energy-efficient design, aligning with the company's commitment to environmental responsibility.
The launch of Brigade Industrial Park has been well-received by the market. Shares of Brigade Enterprises Ltd. closed at ₹674 on the NSE on Tuesday, up ₹11 or 1.66%. This positive market reaction underscores the potential and demand for high-quality industrial real estate in India, particularly in a hub like Bengaluru.
Brigade Enterprises Ltd. continues to expand its portfolio with strategic developments that cater to diverse market needs. The company's focus on innovation, sustainability, and efficiency positions it well to capitalize on the growing demand for industrial real estate in India.
