Latest news with #NirupaShankar
Business Standard
09-05-2025
- Business
- Business Standard
Brigade Ent acquires 11-acre land parcel in Bengaluru
Brigade Enterprises has acquired a strategically located 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, with an estimated gross development value of over Rs 2,000 crore. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a GDV of over Rs 2,000 crore. Nirupa Shankar, joint managing director, Brigade Enterprises, said, This strategic acquisition is a significant step in our journey to create world class commercial spaces that inspired by creating a sustainable and future ready workspace. Whitefield remains a prime destination for office demand due to metro connectivity, and the vibrant corporate ecosystem that exists. With cutting-edge architecture and future-ready, sustainable infrastructure, this project will stand out in Bengalurus commercial landscape while enhancing Brigade Groups leadership in the Grade A office leasing segment. This project will also work towards bringing us closer to achieving our net zero target. Brigade Group is one of Indias leading property developers. It has developed many landmark buildings and transformed skylines across India in the cities of Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City with developments across residential, office, retail, hospitality and education sectors. The companys consolidated net profit surged to Rs 236.24 crore in Q4 FY25 as compared with Rs 73.49 crore in Q4 FY24. Net sales increased 24.7% YoY to Rs 1,463.94 crore in Q4 FY25. The counter declined 1.74% to end at Rs 998.80 on 8 May 2025.
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Business Standard
08-05-2025
- Business
- Business Standard
Brigade buys land near ITPL, plans Rs 2,000 cr Bengaluru office project
Brigade Group has acquired an 11-acre land parcel opposite ITPL in Whitefield, Bengaluru, the company announced. The land will be developed into a commercial project with a gross leasable area of 1.5 million square feet and a gross development value (GDV) of over Rs 2,000 crore. 'This acquisition is a step in our journey to create commercial spaces with a focus on workspace development. Whitefield continues to see demand for office space due to metro access and the existing corporate ecosystem,' said Nirupa Shankar, joint managing director, Brigade Enterprises Limited. Shankar added, 'With specific design and infrastructure plans, this project
Hindustan Times
08-05-2025
- Business
- Hindustan Times
Brigade Group acquires 11-acre land in Bengaluru to develop office space worth ₹2,000 crore
Bengaluru-based listed real estate developer Brigade Group has acquired an 11-acre land parcel in Whitefield to develop a premium Grade A office project spanning approximately 1.5 million sq ft, with an estimated gross development value of ₹2,000 crore, the company has said. This move underscores the company's continued focus on strengthening its commercial real estate presence in one of the city's key business and technology corridors, it said. 'Whitefield remains a prime destination for office demand due to metro connectivity and the vibrant corporate ecosystem that exists. With cutting-edge architecture and future-ready, sustainable infrastructure, this project will stand out in Bengaluru's commercial landscape while enhancing Brigade Group's leadership in the Grade A office leasing segment. This project will also work towards bringing us closer to achieving our net-zero target,' said Nirupa Shankar, joint managing director, Brigade Enterprises Limited. Also read: Brigade Group to add 8 million sq ft of office space, plans to double flex space portfolio Brigade Group is set to expand its commercial portfolio with the addition of 8 million sq ft of office space, Shankar previously told The upcoming office projects, currently at various design and construction stages, will be spread across cities including Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi. The Group manages 10 million sq ft of office space, with upcoming developments planned in cities such as Bengaluru, Chennai, Hyderabad, Trivandrum, and Kochi. Of the new developments, around half are located in Bengaluru. The upcoming office developments will mostly have major office parks across the cities.
Mint
29-04-2025
- Business
- Mint
Realty cos spend below 1% of revenue on tech, says Brigade's Nirupa Shankar
In 2016, Brigade Group launched a real estate-focused accelerator called Brigade REAP (Real Estate Accelerator Program). Conceptualised by Nirupa Shankar, Joint Managing Director at Brigade, the goal was to create a platform that connects early-stage start-ups with practical real estate challenges and allows them to pilot technology-driven solutions. Over time, REAP has accelerated adoption of technology in the sector, mentoring over around 80 startups, selected from over 4,000 who applied to the programme. The accelerator offers mentorship, access to leadership guidance, and opportunities to pilot solutions on live projects. According to Shankar, who appeared on Mint's show Brick by Byte anchored by real estate editor Vandana Ramnani, the accelerator was initiated at a time when the Indian real estate sector was not actively investing in technology. 'Most real estate companies spend less than 1% of their top line on technology. That includes hardware, software licenses—everything,' she said. Watch the full episode below, Start-ups working with REAP have addressed a variety of operational and infrastructure-related challenges. These include: Smart water management systems to detect leakages and enable consumption tracking Indoor air quality monitoring and purification using real-time data Sensor-based lighting systems and contactless access for office environments Retail optimisation using behavioural analytics to improve tenant mix and customer experience Sewage treatment systems that operate without chemicals or electricity Approximately 40% of the start-ups that have gone through the REAP program have raised follow-on funding, Shankar noted. To address the needs of later-stage start-ups that have outgrown the accelerator model, Brigade Group established Earth Fund, an investment vertical focused on scalable and sustainable technologies. Unlike REAP, which provides acceleration and mentorship, Earth Fund is positioned as an investment initiative targeting companies that can integrate with Brigade's core operations or contribute to broader smart city and sustainability goals. Shankar said Earth Fund allows the company to participate more meaningfully in the growth of solutions that have already demonstrated product-market fit and operational viability. While several areas of real estate operations have seen increased adoption of technology—particularly in sales, leasing, and customer experience—Shankar observed that the core construction process has not evolved at the same pace. The majority of on-site workflows remain manual, and there is limited automation in the physical building process. She highlighted a gap in innovation targeted specifically at the construction site, despite it employing the majority of the real estate workforce. According to her, tools that improve labor productivity, project speed, and efficiency are critical but still underdeveloped in the Indian context. Shankar also noted the importance of policy support in driving adoption of sustainable building technologies. She pointed to mechanisms such as green credits, concessional financing for certified projects, and incentives for resource efficiency as potential enablers for broader adoption. Shankar is a second-generation executive at Brigade Group and oversees multiple business verticals. She is involved in land acquisition, project feasibility, and operational execution. She emphasised that her role is not limited to a single function and that she participates directly in project negotiations and strategic planning. She also spoke about the internal structure of the company, noting that Brigade is building capabilities not only in real estate development but also in innovation and sustainability through structured programs like REAP and Earth Fund. Outside of her professional responsibilities, Shankar maintains an interest in fitness and endurance sports. She also engages in strategic games such as poker, which she described as helpful in decision-making and situational analysis. First Published: 29 Apr 2025, 08:53 AM IST
