IHG Hotels & Resorts has partnered with Brigade Group to develop a 300-room InterContinental brand hotel in Telangana, India. The InterContinental Hyderabad Neopolis will be the first InterContinental property in Kokapet, Hyderabad, and will be part of Brigade s mixed-use development project. The hotel will offer five dining options, conferencing facilities, a fitness center, spa, swimming pool, outdoor recreation area, and retail outlet.
The last couple of years have been very good, not just for us, for the industry as a whole but mostly for established players with a good reputation and good products launched in good locations.
Brigade Enterprises Limited has signed a JDA with United Oxygen Company to develop 3 million sqft of office space in Bengaluru. The project on ITPL Road, Whitefield, aims to generate Rs 340 crores. Brigade plans to launch 5 million sqft of projects in the next year. Q3 FY24 saw a 24% revenue increase for Brigade.
Brigade Enterprises Limited and United Oxygen Company collaborated for a 3M sqft office space project in Bengaluru, emphasizing sustainability and market demand, targeting Rs 500 crores exit rentals with a strong leasing performance.