Archive · 8 Aug 2025
DRA Group and Balajadia Family Office Sign $100M Deal in India
DRA Group, a real estate company from India, and the Balajadia Family office from the Philippines, have agreed to work together.
They're planning to build commercial and retail spaces in India, starting with cities like Chennai and Bengaluru.
They have a $100 million deal to develop about 1 million square feet of space.
This partnership was made official at a business meeting between the Philippines and India.
Both companies will share the investment equally.
This is like two teams teaming up to build something big together.
DRA Group and Balajadia Family office signed a $100 million MoU.
The agreement is for a joint development of commercial and retail space in India.
The joint venture will be 50:50 under a SPV Platform.
The MoU was signed at the Philippines-India Business Forum.
Initial developments will be in Chennai and Bengaluru.
- Who
- DRA Group and Balajadia Family office of the Philippines.
- What
- DRA Group and Balajadia Family office signed an MoU for commercial and retail space development.
- When
- August 8, 2025
- Where
- India (Chennai and Bengaluru)
- Why
- To jointly develop commercial and retail space.
- Partners
- DRA Group, Balajadia Family office
- Deal Amount
- $100 million
- Type
- Joint Development
- Focus
- Commercial and Retail Space
- Location (Initial)
- Chennai and Bengaluru, India
- Partnership Ratio
- 50:50