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Brigade Enterprises ups the ante in office, hospitality segments
Mint Mumbai
|February 14, 2024
The south India-focused real estate developer, Brigade Enterprises Ltd, is betting big on its office leasing and hospitality segments.
The optimism is driven by improvement in key metrics. In the commercial segment, the office occupancy rose to 95% in the December quarter (Q3FY24). Office leasing at 0.5 million square feet space was the highest seen in a post-covid quarter.
Office leasing is improving, especially in Bengaluru due to robust demand from global capability centres, the management said in an earnings call. The company expects to complete the crucial Brigade Twin Tower office project in QIFY25 and lease it fully by FY25-end.
This story is from the February 14, 2024 edition of Mint Mumbai.
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