Bengaluru-based Brigade Group Invests INR 1500 Crore Impacting Kerala's Real Estate & Tourism

Brigade Group, one of Bengaluru’s leading real estate developers, has unveiled an ambitious expansion plan for Kerala, committing a staggering ₹1,500 crore investment. This strategic move is poised to reshape the state's commercial and residential landscape while creating nearly 12,000 job opportunities over the next five years.

Brigade Group’s expansion plan includes three key projects:

Second World Trade Center (WTC) in Kerala:

Following the success of WTC Kochi, the new WTC aims to enhance Kerala’s global business appeal, attracting multinational companies and fostering economic growth.

Premium Residential Project in Kochi:

With rising demand for quality housing, this project will introduce modern living spaces, further strengthening Kochi’s residential infrastructure.

Luxury Island Resort in Vaikom:

Designed to elevate Kerala’s tourism sector, this high-end resort will cater to luxury travelers, boosting both domestic and international tourist influx.

All projects are expected to be completed by 2030, backed by supportive policies from the Kerala government.

Why is Brigade Group Investing in Kerala?

Brigade Group, established in 1986, has a strong presence across South India, with landmark projects in Bengaluru, Mysuru, Hyderabad, Chennai, and Kochi.

Their investment in Kerala is driven by several factors:

Strong Economic Potential:

• Kerala’s growing IT/ITES sector and tourism industry make it an attractive destination for real estate investments.

Government Support:

• Proactive regulatory facilitation and infrastructure development initiatives have strengthened investor confidence.

Expanding Urban Markets:

• With increasing demand for commercial and residential spaces, Kerala presents lucrative opportunities for real estate growth.

What the Leadership Says

Vineet Verma, Managing Director of WTC Trades & Projects Pvt. Ltd. (a Brigade Group subsidiary), emphasized Kerala’s conducive environment for business expansion. He pointed to the state’s robust IT sector and flourishing tourism industry as key demand drivers, ensuring long-term success for Brigade’s projects.

FAQ: Understanding Brigade Group’s Investment Impact

What does this investment mean for Kerala’s job market?

Nearly 12,000 jobs will be created across construction, real estate, and hospitality sectors over the next five years.

How will the new WTC benefit Kerala?

The new WTC will enhance Kerala’s commercial real estate sector, attracting global corporations and fostering economic development.

Why is Brigade investing in a luxury resort in Vaikom?

Kerala’s tourism industry is booming, and a premium resort aligns with the state’s push for high-value tourism.

When will these projects be completed?

All three developments are expected to be fully operational by 2030.

News Disclaimer

This article is for informational purposes only and is based on publicly available reports. The details provided are subject to change based on future developments and official announcements.