Brigade Group to double commercial portfolio to 20 million sq ft by 2030: Executive Chairman Jaishankar

Brigade Group plans to double its commercial portfolio to 20 million square feet by 2030, Executive Chairman MR Jaishankar told CNBC-TV18. The company, which has been active in both joint development agreements (JDAs) and purchased land, aims to grow steadily in both residential and commercial segments over the next decade.

“We have about 10 million square feet of annuity income-generating projects already yielding income. In the pipeline, we have another 9-10 million square feet, which should get completed in the next three to four years, or by 2030 at the latest. By 2030, we expect to reach about 20 million square feet,” Jaishankar said.

The company has also announced 15 million square feet of new residential projects in the last nine months, with about 70% in Bangalore and the remaining 30% in Chennai and Hyderabad. He described the Bangalore market as “fairly robust,” noting that sales in the first six months of FY26 were higher than last year.

However, Brigade’s performance has mirrored broader market trends, with a 15% decline in overall sales compared to last year in the first half of FY26. “We are working hard to make up for the next six months,” Jaishankar added. He expects the company’s performance to improve in the second half of the year, as project approvals that were previously delayed begin to move forward.

Jaishankar also addressed concerns about the real estate cycle, saying India’s property market has shown resilience despite global uncertainties. “India is fairly insulated and resilient, as shown in earlier crises like the global financial crisis of 2008–09,” he said. He noted that while global market developments may have some impact, the largely domestic nature of India’s real estate sector helps mitigate risks.

On regulatory delays in Bangalore, Jaishankar said these affected all developers, not just Brigade. Projects were stalled for two to three months due to changes in civic authorities following the formation of the Greater Bangalore Authority. “They are still settling down, and that definitely created delays. It was unfortunate, but that is the fact,” he said.

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