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Brigade Enterprises rises on partnering with Bain Capital to develop Whitefield mixed-use project

27-Apr-26 14:38 Hrs IST

The aforementioned transaction would create a 50-50 joint venture in Vibrancy Real Estates (VREPL), which is a wholly owned subsidiary of Brigade Enterprises. Both parties would subscribe to a mix of equity and convertible instruments of VREPL.

GSS India Opportunities AIF Scheme-I is a Category-II AIF that is managed by Bain Capital Advisors (India).

Vibrancy Real Estates holds an 11.04-acre land parcel in Whitefield, Bengaluru. The said land parcel is proposed to be developed into an integrated mixed-use project comprising Grade-A office space and a hotel, with a development potential of around 2 million square feet.

Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels.

The company had reported 21.05% drop in consolidated net profit to Rs 186.52 crore despite a 7.59% increase in revenue to Rs 1,575.11 crore in Q3 FY26 as compared with Q3 FY25.

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