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Brahma Group to invest on projects worth Rs. 3,250 Cr in Gurugram

Business Finance

ANI  |  New Delhi [India] 

Brahma Group, a real estate centric private equity fund plans to invest on projects worth Rs. 3,250 crores in the real estate sector across a total of 28,66,000 sqft. in Gurugram. This investment will be made over the next 36-40 months in residential, retail and commercial space.

"We have adopted a systematic and strategy based investment process which is backed by facts and research. Our investments are made to develop residential and commercial properties worth Rs. 3,250 Cr. The investments are focused on the development of our residential project Samsara, Retail-cum-commercial project Athena, another retail and commercial project Miracle Mile, and Belvedere Club," said Puneet Khullar, VP, Brahma Center Development Pvt. Ltd.

The current investment includes residential and commercial real estate projects within India. The Residential real estate portfolio includes Plotted development, villas, floors and apartments and the commercial real estate portfolio includes Grade A corporate office space, luxury office space, luxury and premium lifestyle and retail centers. All our residential projects are in close proximity to existing physical and social infrastructure in order to ensure ease of access to schools, hospitals, retail centers and other recreational avenues for our customers.

The commercial projects have been planned near existing and/or planned infrastructure like metros, expressways, airports, high growth corridors, central districts and affluent catchments to ensure connectivity and footfall.

The group's portfolio includes Brahma City, an integrated township in joint venture with Adani Realty, located in Sector 60, in close proximity to the golf course extension road. This 141 acre township includes Plotted development and retail and commercial project Miracle Mile worth Rs. 300 crores.

Brahma Group is also investing on Samsara, a residential project worth Rs. 1,150 crores which is built on 18 acres and recreational luxury club Belvedere club worth Rs. 100 crores. Samsara has residential floors spread across the total area of 11, 66,000 sqft. Samsara Belvedere Club is a state of the art luxury club spread across 1,48,000 sqft.

Brahma Center Development Pvt. Ltd. owns the 12.206 acres of land at Sector 16 along the Delhi Gurugram Expressway. Their project Athena worth Rs. 1700 crores is being built on the same. It is a retail and commercial space spread across a leasable area of 1.3 million square feet.

Apart from Gurugram, the group also has a residential project, The Valley which is in collaboration with DLF. The project is located in the city of Panchkula which is a part of the Tricity region of Chandigarh, Mohali and Panchkula. This project is spread across approximately 209 acres and is partially operational. It includes plots, villas, floors, educational, leisure, recreational, service, commercial, retail and other ancillary facilities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 14:20 IST