Brigade Group, GIC ink MoU.

Brigade Group, a Bangalore-based property developer, and GIC, Singapore's sovereign wealth fund, through its affiliate company, have entered into a memorandum of understanding (MoU) to jointly invest up to Rs. 1,500 crore in residential developments. Through the venture the companies are planning to invest in select cities of south India and plans to acquire land for residential and mixed use developments.


HBL