Latest news with #BalajadiaFamilyoffice
Hindustan Times
2 days ago
- Business
- Hindustan Times
Realtor DRA inks pact with Philippines' Balajadia Family office to invest $100 mn
Chennai-based real estate firm DRA Group has signed a pact with Philippines-based Balajadia Family office to jointly develop a commercial project with an estimated investment of $100 million. Chennai-based real estate firm DRA Group has signed a pact with Philippines-based Balajadia Family office to jointly develop a commercial project. (Photo for representational purposes only)(Pixabay) In a statement, DRA Group said it has entered into a strategic cross-border partnership with Balajadia Family office, global investors and entrepreneurs from the Philippines. "The collaboration, formalised through a Memorandum of Understanding (MoU), will see the joint development of 1 million square feet of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of $100 million," the statement said. The MoU was signed at the Philippines-India Business Forum in Bengaluru. This equal joint venture will be executed through a special purpose vehicle (SPV) platform. "The collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth," Ranjeeth Rathod, Managing Director of DRA, said.
Time of India
3 days ago
- Automotive
- Time of India
DRA & Balajadia Family office create $100 million platform to develop commercial spaces
NEW DELHI: Chennai-based DRA Group has entered into a memorandum of understanding (MoU) with Philippines-based Balajadia Family office to create a special purpose vehicle (SPV) platform. This 50:50 joint venture will see the development of one million sq ft of grade-A commercial and retail spaces in Chennai and Bengaluru under phase-I, with an estimated investment value of $100 million. Ranjeeth Rathod , managing director, DRA said, "This collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth." Lloyd Balajadia said, "We look forward to not only creating landmark developments in India but also welcoming future collaborations that bring Indian expertise to the Philippines in time."
