Balajadia Family Office to invest $100 million with DRA Group in Indian commercial, retail projects

DRA Group, Philippines’ Balajadia to develop commercial space in India in $100m deal

Chennai-based real estate firm DRA Group has entered into a cross-border partnership with the Balajadia Family Office - global investors and entrepreneurs from the Philippines - to jointly develop one million square feet of Grade-A commercial and retail space in India under Phase 1, with an estimated investment value of $100 million, a statement said on August 8.

The Phase 1 real estate portfolio will comprise the development of one million sq ft of Grade-A commercial assets across Chennai and Bengaluru. DRA Group claims it is a first-of-its-kind partnership in India’s real estate space with a Filipino investor group.

Ranjeeth Rathod, Managing Director, DRA said, “This collaboration allows us to combine local expertise with global capital to drive sustainable real estate growth. We also see this as the foundation for a broader Indo-Philippines engagement, with potential expansion into the Philippines real estate market in the future.”

Commenting on the partnership, Lloyd Balajadia said at some time in the future, Indian expertise could also be brought to the Philippines. “India represents a compelling growth story, and we are excited to work with DRA to shape new commercial destinations that reflect both innovation and local relevance. This partnership goes beyond brick and mortar – it’s about building long-term value across borders by blending market insight, cultural understanding, and capital strength. We look forward to not only creating landmark developments in India but also welcoming future collaborations that bring Indian expertise to the Philippines in time,” Balajadia said.