Interview with M R Jaishankar, Chairman & Managing Director, Brigade Group
Challenges & Opportunities ahead for Real-estate
As a young entrepreneur, M R Jaishankar, Chairman & Managing Director, Brigade Group established the company in 1986. He briefs on the current real-estate scenario and company’s growth plans.
Brigade Group based in Bangalore has projects across South India in Bangalore, Mysore, Mangalore, Hyderabad, Chennai and Kochi and now GIFT City, Ahmedabad. However, we would continue to focus on cities in South India. We plan to develop 30 million square feet across all our domains in the next five years in the markets we operate. The current real-estate portfolio of Brigade Group comprises 70% Residential, 20%Commercial-20% and 10% of Hospitality projects.
Investments, associations and JVs of the Company
Brigade works with reputed international master planners like HOK, New York, NBBJ Seattle in the residential space and has strategic tie ups with international hospitality groups like Starwood Group now Marriot, IHG and Accor that manage our Sheraton Grand, Holiday Inn and Grand Mercure hotels. Many of the Fortune 500 companies like Amazon, Siemens, ABB and more are the customers in the office space business apart from knowledge leaders like Mckinsey, Ernst & Young, PwC and KPMG. The retail business enjoys a strong association with important international and national retailers like Zara, Debenhams, Mango, McDonalds and we are poised for healthy expansion in this space.
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