Oracle India, which was in talks with Bangalore-based Brigade Group for 1.2-million sqft commercial space in its Brigade Gateway 
project, has called off the deal. The IT major was planning to take office space in Brigade Northstar, a 30-floor tower complex within Brigade Gateway, to consolidate its multiple leased spaces in Bangalore.

Oracle told its employees in an email communication: “As you know, Oracle Real Estate has been examining the Brigade Northstar facility, as part of our strategy to consolidate our multiple leased spaces in Bangalore. This is to inform you that Oracle has decided not to pursue this location.” Oracle had planned to transfer 8,000 employees to the Northstar facility.

Had the agreement been successful, it could have been one of the biggest commercial space deals in Bangalore and could have made Brigade richer by Rs 600 crore. Oracle was in talks with Brigade for almost six months but the differences over in the prices quoted by the two led to the collapse of the deal. Oracle and Brigade Group refused to comment on the issue.