Bengaluru-headquartered real estate firm, Brigade Enterprises, has envisaged plans to make an investment of Rs 4,000 crore to develop commercial properties in South India by 2020. The company is also looking to divest stake in the hospitality business. It has firmed up plans to launch another 8.2 million sq ft of office and retail space in cities such as Bengaluru and Chennai over the next three years. Brigade Enterprises already has a partnership with Singapore-based private equity firm, GIC Singapore. The platform has concluded land deals, two in Bengaluru and one Chennai. Together, both companies have invested Rs 1,000 crore in buying land parcel across Southern cities. With GIC Singapore, it is building 5.5 million sq ft currently that is expected to be concluded by 2020. Brigade Enterprises has also moved all its hotel assets into a separate unit to raise funds to fuel future strategy. It plans to increase the number of hotel rooms to 2,000 by 2022 from 1,200 now. The company currently has 18 million sq ft in residential development and plans to launch an additional nine million sq ft by FY20.