DRA and Balajadia Launch $100M South India Real Estate Venture

A Groundbreaking Partnership for South India’s Real Estate

In an exciting new chapter for South India’s property market, Chennai-based DRA Group and the Balajadia family from the Philippines unite to launch a $100 million real estate platform dedicated to high-return commercial and retail developments. This unique 50:50 equity venture marks a bold step towards institutional-grade assets across Chennai and Bengaluru.

Focused Growth with Strategic Vision

The platform aims to develop over one million square feet of premium floor space that spans core Central Business District (CBD) plots to thriving suburban markets. Comprising 70% commercial and 30% retail assets, their ambitious plan includes landmark projects like a 60,000 sq ft retail development already underway on Chennai’s OMR corridorDevelopers Association India.

De-Risking and Sustainable Expansion

Ranjeeth Rathod, Managing Director of DRA Group, explains how the platform’s programmatic approach combines greenfield and value-add projects, underpinned by tenant pre-leasing and asset-backed capital deployment over the next three years. This structure aims to mitigate risks and establish a strong pipeline of institutional-quality assets.

Balajadia Family’s Strategic Foray

Headquartered in the Philippines, the Balajadia family brings decades of savvy investment experience across pharmaceuticals, healthcare, and real estate in emerging markets. Their entry into India signals a growing trend of Southeast Asian capital eyeing India’s robust property sector for long-term, yield-driven opportunities. Dr. Lloyd Balajadia emphasized, “This partnership goes beyond brick and mortar — blending market insight, cultural understanding, and capital strength for lasting value.”

Ambitious Plans and Long-Term Vision

• DRA Group targets acquiring 1.5 to 2-acre land parcels in high-absorption micro-markets with strong infrastructure.
• The firm plans over Rs 6,500 crore in gross development value by March 2027.
• Current development includes 3.9 million sq ft projects underway plus 1.9 million sq ft land bank.
• Portfolio balance expected to be 75% residential, 25% commercial, with Pune eyed for future expansion.
• The goal: build high-yield rental assets monetizable through REIT listings or strategic exits within 5-7 years, targeting Rs 250 crore rental income.

Bolstering South India’s Real Estate Landscape

The collaboration merges DRA’s deep local expertise with Balajadia’s global capital access to create iconic developments and institutional-grade assets, bolstering both cities' urban growth and investor confidenceNAREDCO. Industry experts view this partnership as a sign of confidence in India’s evolving real estate market and its growing appeal to foreign investors seeking yield stability and growth.