Brigade Enterprises Limited has strengthened its footprint in Kerala’s growing IT hub with the signing of a 90-year lease agreement for 4.859 acres of land in Technopark Phase I, Thiruvananthapuram.

The deal, inked with Electronics Technology Parks, marks a strategic expansion for the real estate major as it deepens its presence in the state’s fast-evolving technology ecosystem, according to a report by ScanX.

Project Details

The lease agreement paves the way for a substantial development project with the following key features:

* Total Land Area: 4.859 acres

* Lease Duration: 90 years

* Development Potential: Approximately 1.2 million sq. ft.

Key Components:

* World Trade Center Trivandrum with A Grade office space

* Five-star hotel with over 200 keys

This strategic move by Brigade Enterprises aligns with the growing demand for high-quality IT infrastructure in Kerala, particularly in Thiruvananthapuram, which has been emerging as a significant tech hub in recent years.

Strategic Significance

This lease agreement represents a strategic expansion for Brigade Enterprises in the following ways:

Geographic Diversification: Strengthens the company’s presence in Kerala’s growing IT market.

Long-term Revenue Stream: The 90-year lease provides a stable, long-term foundation for revenue generation.

Mixed-use Development: Combining office space with hospitality creates a diverse project.

The development of World Trade Center Trivandrum, along with a five-star hotel, may attract both domestic and international businesses, potentially boosting the local economy and creating job opportunities in the region.

As this project unfolds, it will be interesting to observe its impact on Brigade Enterprises’ future financial performance and its role in shaping Thiruvananthapuram’s IT landscape.