DRA Group and Balajadia Family Launch $100 Million Real Estate Platform in South India
Chennai-based DRA Group and Philippines-based Balajadia Family office have partnered to invest $100 million in a commercial real estate project in South India. The joint venture aims to develop 1 million square feet of Grade-A commercial and retail space.
Real EstateInvestmentDra GroupBalajadia Family OfficeSouth IndiaReal Estate NewsAug 08, 2025
In a statement, DRA Group said it has entered into a strategic cross-border partnership with Balajadia Family office, global investors and entrepreneurs from the Philippines. The collaboration, formalised through a Memorandum of Understanding (MoU), will see the joint development of 1 million square feet of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of USD 100 million.
The MoU was signed at the Philippines-India Business Forum in Bengaluru. This equal joint venture will be executed through a special purpose vehicle (SPV) platform. The collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth, said Ranjeeth Rathod, Managing Director of DRA.
The real estate market in South India has been witnessing significant growth, driven by increasing demand for high-quality office spaces, retail outlets, and mixed-use developments. The partnership between DRA Group and Balajadia Family office is expected to further boost this trend by leveraging the strengths of both entities.
DRA Group, known for its innovative and sustainable real estate projects, has a strong presence in Chennai and other major cities in South India. Balajadia Family office, with its extensive experience in global investments, brings a wealth of expertise and resources to the table. Together, they aim to create a robust and resilient real estate platform that meets the evolving needs of the market.
The project is expected to be completed in phases, with the first phase focusing on the development of Grade-A commercial and retail spaces. The SPV platform will ensure transparency, accountability, and efficient management of the project, aligning with the highest standards of corporate governance.
This strategic partnership is a testament to the growing interest of international investors in the Indian real estate market. It underscores the potential and opportunities that the sector offers, particularly in regions like South India, which are witnessing rapid urbanization and economic growth.
The collaboration between DRA Group and Balajadia Family office is expected to set new benchmarks in the real estate industry, fostering innovation and sustainable development. As the project progresses, it is likely to attract further investments and collaborations, contributing to the overall development of the region and the real estate sector in India.
Frequently Asked Questions
What is the total investment amount in the joint venture between DRA Group and Balajadia Family office?
The total investment amount in the joint venture between DRA Group and Balajadia Family office is USD 100 million.
What is the main focus of the joint venture?
The main focus of the joint venture is to develop 1 million square feet of Grade-A commercial and retail space in South India.
Where was the Memorandum of Understanding (MoU) signed?
The Memorandum of Understanding (MoU) was signed at the Philippines-India Business Forum in Bengaluru.
Who is the Managing Director of DRA Group?
Ranjeeth Rathod is the Managing Director of DRA Group.
What is the expected impact of this joint venture on the real estate market in South India?
The joint venture is expected to boost the real estate market in South India by combining local expertise with global capital, driving sustainable growth and innovation in the sector.
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