Building Landmark Spaces, Bridging Nations

DRA & Balajadia Family Office Launch $100M Commercial Real Estate Platform.                                                                                                                                                                                                                                                                                         

Chennai-based DRA Group and Philippines-based Balajadia Family Office have formed a 50:50 joint venture to develop one million sq ft of grade-A commercial and retail space in Chennai and Bengaluru. The $100 million investment, structured under a special purpose vehicle (SPV), marks the first phase of the partnership. By combining DRA’s local market expertise with Balajadia’s global capital, the venture aims to deliver sustainable, high-quality developments that enhance India’s commercial real estate landscape. DRA Managing Director Ranjeeth Rathod highlighted the partnership’s potential to drive sustainable growth, while Lloyd Balajadia expressed interest in extending the collaboration to the Philippines, leveraging Indian expertise abroad. This strategic alliance underscores growing cross-border investment in India’s real estate sector and the appeal of Chennai and Bengaluru as thriving hubs for grade-A commercial spaces. The developments are expected to set new benchmarks in design, quality, and sustainability.