Brigade Group to invest Rs 500 crore in GIFT City as co-developer

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Real Estate NewsBangalore-based realty significant Brigade Group will put Rs 500 crore in Gujarat International Finance Tec-City (GIFT City), the nation’s universally benchmarked International Financial Services Center (IFSC), through the following few years.

The designation of 1.1 million sq. ft. of BUA (constructed up range) has been made to Brigade Group for improvement of business, private, retail shopping center and inn ventures in SEZ (extraordinary financial zone) & non-SEZ regions in GIFT City. The gathering has likewise submitted their enthusiasm for taking extra 1.7 million sq. ft. of BUA to be created at an expected venture of Rs 600 crore.

“The advancement covering more than 800 sections of land is delightfully arranged with world class base which we accept will set a benchmark in land improvement in the nation,” said M R Jaishankar, CMD, Brigade Group. “Blessing City gives an incredible stage to present India’s position to universal organizations as speculators and additionally for making a working vicinity in the advancement,” he expressed.

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