Need for office is relatively strong in India unlike the worldwide market: Brigade Group MD

The Brigade Group turned a net revenue of 63 crore for the quarter ended March 2023 compared to a loss of 11.63 crore a year previously. In domestic sales, it tape-recorded a 35% boost to 6.3 million sq. feet in Q4 FY23. In an interview with businessline, its Managing Director Pavitra Shankar stated that their outlook for office is guaranteeing in India unlike the international market. Modified excerpts: You had actually stated that the Brigade Group would stay in its regional zones, such as Chennai, Chikmagalur, Hyderabad, Kochi, Bengaluru, Mangalore, and Mysore. Isn’t it yet time for your company to go nationwide? Individuals believe if a business exists in all South Indian markets, it is not pan India. Each market has its own intricacies and characteristics in client choices. I believe it’s more about developing that we can do company in numerous various cities, and not so much in which zone of the nation. We have actually particularly chosen these markets since we feel the characteristics in these markets make good sense to us. They’re all driven by the IT sector, and white-collar tasks are exceptionally high. That appears to be the target market for us. They’re not exceptionally high-end markets that assist when an organisation like us is appearance
Find out more