Brigade Group, a leading real estate company based in Bengaluru, has signed a land lease agreement to develop a third tower of the World Trade Center (WTC) at Infopark Kochi. The new 16-storey building, which includes a six-deck car park, will span a total built-up area of 2.6 lakh square feet. This ₹150 crore project will be developed on a non-SEZ plot and is expected to be completed within three years.
The construction of the new tower is anticipated to create approximately 2,700 direct jobs. Brigade Group has already completed two WTC towers at Infopark Kochi, providing a combined built-up area of 7.7 lakh square feet, with all office spaces fully occupied. The addition of the third tower will further enhance the IT infrastructure in the region.
Kerala Chief Minister Pinarayi Vijayan, present at the agreement signing, emphasized the project’s significant impact on the state’s IT sector. Since 2016, 583 new companies have established offices in Infopark, generating 70,000 jobs. The third WTC tower is expected to further boost this development.
Brigade Group’s Executive Chairman, M R Jaishankar, highlighted the company’s commitment to expanding in Kerala and its active pursuit of viable land parcels to support this growth. In addition to the WTC towers, Brigade has developed the luxury business hotel Four Points by Sheraton Kochi Infopark and is currently working on Brigade Square in Trivandrum, a Grade A office building in Technopark Phase 1.
Brigade Group owns licenses for six World Trade Centers across South India, including Bengaluru, Chennai, Kochi, Hyderabad, Trivandrum, and Devanahalli. Over the past 38 years, the company has completed around 300 buildings, covering 90 million square feet across a diverse portfolio.
Following the announcement of the new WTC tower in Kochi, shares of Brigade Enterprises saw a 3.5% increase. The company’s stock has risen over 52% since the beginning of the year and gained nearly 133% in the past year, reflecting strong investor confidence and successful project execution.
The development of the third World Trade Center tower at Infopark Kochi by Brigade Group represents a significant step forward in enhancing Kerala’s IT infrastructure and job market. This project aligns with Brigade Group’s strategy of expansion and innovation in the real estate sector and is set to play a pivotal role in the state’s economic growth.