Brigade Group and Bain Capital announce Rs 2200 crore joint venture for Bengaluru project

Kinjal — Wed, 29 Apr 2026 13:23:46 +0000

Brigade Group, a prominent real estate developer in India, has entered into a strategic partnership with Bain Capital to develop a mixed-use project in Whitefield, Bengaluru. The joint venture, which is structured as a 50:50 partnership, involves a total investment of approximately ₹2200 crore and will span around 2 million square feet.

The development is strategically located on the ITPL Main Road, adjacent to the Whitefield Metro Station, and will include Grade A office space and a five-star hotel managed by a leading international hotel brand. Whitefield is recognised as one of Bengaluru’s most sought-after commercial corridors, hosting a dense concentration of global technology firms and Fortune 500 companies.

Nirupa Shankar, Joint Managing Director of Brigade Group, expressed enthusiasm about the partnership, highlighting Bain Capital’s reputation as a leading private investment firm. She noted that the collaboration underscores the growing institutional interest in high-quality Indian commercial and hospitality real estate. Shankar emphasised the strategic focus on expanding Brigade’s portfolio through institutional collaborations to optimise capital structure and accelerate high-value developments.

Sarit Chopra, a Partner at Bain Capital, commented on the significance of Whitefield as a commercial hub, citing strong occupier demand and infrastructure connectivity. He expressed satisfaction in partnering with Brigade Group on a high-quality development that combines premium office and hospitality offerings in a supply-constrained location.

This project aims to meet the increasing demand for quality commercial and hospitality infrastructure in one of India’s key technology corridors. For Brigade Group, the joint venture enhances its commercial development portfolio in Bengaluru and aligns with its strategy of partnering with global institutional capital to deliver large-scale, premium assets.

Bain Capital’s investment in this project reflects its broader activity in India, where the firm continues to expand its presence in real estate through asset-backed opportunities and partnership-led investing.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sarit Chopra | Business Upturn

Brigade Group and Bain Capital announce Rs 2200 crore joint venture for Bengaluru project