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Brigade Group Will Invest Rs 1,500 Crores In Kerala

Brigade Group Will Invest Rs 1,500 Crores In Kerala

BY Realty+
Published - Saturday, 22 Feb, 2025
Brigade Group Will Invest Rs 1,500 Crores In Kerala

Brigade Group will invest Rs 1,500 crores in Kerala with potential employment for around 12,000 people over the next five years. Brigade Enterprises Limited, the flagship Company of Brigade Group, has submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025 in the presence of the Chief Minister of Kerala, Pinarayi Vijayan. The EOI is for the Brigade's further expansion in Kerala. It proposes to set up its second World Trade Center (WTC) in the State, with the first being WTC Kochi.

In addition, Brigade is looking to expand its footprint in Kerala with a residential project in Kochi and a Luxury Island resort at Vaikom. These projects are expected to be completed by 2030. The Government of Kerala will provide the necessary support and regulatory facilitation subject to applicable laws.

Last month, Brigade entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and allied amenities, developing around 1.5 million sq.ft of infrastructure spread across a cluster of towers in Thiruvananthapuram. Brigade already signed and initiated the expansion of WTC in Kochi Infopark with its 3rd tower, taking its IT infrastructure to over a million sqft. With the proposed development of a Luxury Island resort and Residential project, Brigade plans to bring in approximately Rs 1500 crore investment to the state in the coming years.

Vineet Verma, MD, WTC Trades & Projects P Limited, a Brigade Group Company said, "Kerala, with its supportive environment, continues to be our focus area across Commercial, IT Office space, Hospitality and Residential developments. These sectors have shown great promise in growth and potential during the last few years. Also, Kerala is an established hotspot for IT/ITES & Tourism. This, in turn, will drive overall demand. We are confident that with the support of the Kerala Government, we will be able to contribute to the growth of the State."

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