DRA Group and Balajadia Family Collaborate on $100 Million Real Estate Venture
Chennai-based DRA Group partners with the Philippines' Balajadia Family office to develop a $100 million commercial real estate project in India, following an MoU signed at the Philippines-India Business Forum in Bengaluru. The venture will focus on sustainably developing Grade-A commercial spaces.
- Country:
- India
Chennai's DRA Group is joining forces with the Philippines-based Balajadia Family office in a noteworthy cross-border venture. Together, they aim to develop 1 million square feet of Grade-A commercial and retail space in India with a $100 million investment.
This partnership was formalized through a Memorandum of Understanding (MoU) at the Philippines-India Business Forum held in Bengaluru. Both parties place a strong emphasis on combining local insight with international investment to propel sustainable growth.
Ranjeeth Rathod, Managing Director of DRA, highlighted the strategic nature of this partnership, which will be executed through a special purpose vehicle platform designed to maximize the collaborative strengths of both entities.
(With inputs from agencies.)
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