Deals27 Nov 2025, 05:31 am
Brigade Group Signs 90-Year Lease for IT Infrastructure Development in Technopark Phase I, Thiruvananthapuram
AI Summary
Brigade Group has entered into a lease deed for 4.859 acres of land for 90 years with Electronics Technology Parks for the development of IT infrastructure in Technopark Phase I Thiruvananthapuram, Kerala. The property, which has an overall development potential of about 1.2 million sq.ft., will consist of World Trade Center Trivandrum with A Grade office space and a five-star hotel of over 200 keys. This disclosure is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is also available on the Company’s website.
Key Highlights
- Brigade Group signs a 90-year lease deed with Electronics Technology Parks for IT infrastructure development in Technopark Phase I, Thiruvananthapuram, Kerala.
- The leased land has an overall development potential of about 1.2 million sq.ft.
- The project will include World Trade Center Trivandrum with A Grade office space.
- A five-star hotel of over 200 keys will also be a part of the project.
- The disclosure is in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.