DRA Group and Balajadia Family Office Launch $100M Real Estate Venture in India
Chennai-based real estate firm DRA Group partners with Philippines-based Balajadia Family office to invest USD 100 million in Indian commercial real estate. Discover the details of this strategic collaboration.
Real EstateDra GroupBalajadia Family OfficeCommercial PropertySouth IndiaReal EstateAug 08, 2025
In a statement, DRA Group announced the collaboration formalized through a Memorandum of Understanding (MoU). The joint venture will develop 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 is designed to combine the local market insights of DRA Group with the global investment capabilities of Balajadia Family office, ensuring a robust and sustainable real estate development.
Ranjeeth Rathod, Managing Director of DRA Group, expressed his enthusiasm about the partnership: “The collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth. We are excited to work with Balajadia Family office and bring high-quality commercial and retail spaces to the Indian market.”
The investment will focus on South India, a region that has seen significant economic growth and increasing demand for high-quality commercial properties. The project is expected to create numerous job opportunities and contribute to the economic development of the region.
DRA Group, known for its expertise in real estate development, has a strong track record in delivering premium commercial and residential projects. Balajadia Family office, on the other hand, brings a wealth of global investment experience and a deep understanding of international market dynamics. Together, they aim to set new benchmarks in the Indian real estate sector.
The joint venture is expected to attract further investments and partnerships, contributing to the overall growth and development of the real estate market in India. The partnership highlights the growing interest of international investors in the Indian real estate sector, driven by the country's economic potential and favorable business environment.
In conclusion, this strategic collaboration between DRA Group and Balajadia Family office marks a significant step in the development of high-quality commercial and retail spaces in South India. The project is poised to create a lasting impact on the local economy and set new standards in the real estate industry.
Frequently Asked Questions
What is the total investment amount in the joint venture?
The total investment amount in the joint venture between DRA Group and Balajadia Family office is USD 100 million.
What is the primary focus of the joint venture?
The primary focus of the joint venture is to develop 1 million square feet of Grade-A commercial and retail space in India, with a specific focus on South India.
Where was the MoU signed?
The 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 role of the special purpose vehicle (SPV) platform in this joint venture?
The special purpose vehicle (SPV) platform will be used to execute the joint venture, facilitating the development of the commercial and retail spaces under the collaboration.
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