EAAA Alternatives, through its Rental Yield Plus Fund, has acquired around 376,000 sq ft at Embassy Manyata Business Park for ₹530 crore. The transaction deepens its ownership within the Greenheart Tech Park cluster, highlighting strong investor appetite for high-quality, income-generating office assets in Bengaluru’s resilient commercial market.
EAAA Alternatives has made a fresh bet on Bengaluru’s office market with the acquisition of approximately 376,000 square feet at Greenheart Tech Park, part of Embassy Manyata Business Park, for ₹530 crore. The investment was made through the firm’s commercial real estate vehicle, the Rental Yield Plus (RYP) Fund. Embassy Manyata Business Park is owned by Embassy REIT, India’s first listed REIT and the largest office REIT in Asia by area, making the transaction significant for both parties.
Deepening Presence at Embassy Manyata
This deal marks the third investment by the RYP Fund and further consolidates EAAA Alternatives’ ownership within Greenheart Tech Park, where it now controls nearly 1.5 million square feet. The park is a key component of Embassy Manyata Business Park, one of Bengaluru’s largest and most prominent technology hubs. The campus houses a diverse mix of global occupiers across manufacturing, BFSI, technology, consulting, consumer goods, automotive, lifestyle, and flex space segments, giving it a well-balanced tenant profile.
Commenting on the acquisition, Subahoo Chordia, CEO of EAAA Alternatives, said, “This is our 35th asset acquisition in the real assets business and demonstrates our interest and capability in investing and aggregating high-quality assets.” The statement underlines the firm’s continued focus on scale, asset quality, and long-term income generation.
Focus on Value Enhancement and Stability
Gautam Hora, Managing Director of the Rental Yield Plus Fund, said the transaction aligns with the fund’s strategy of targeting resilient office markets. “This transaction reinforces our commitment to acquiring prime assets in India’s most resilient markets,” he said. He added that increasing ownership at Greenheart Tech Park would allow a more cohesive management approach and support value-enhancement initiatives, ultimately delivering stronger outcomes for tenants and investors.
The acquisition reflects sustained investor confidence in Bengaluru’s Grade A office market, which continues to benefit from strong leasing demand, diversified occupiers, and its status as India’s leading technology and GCC hub.
Capital Recycling for Embassy REIT
For Embassy REIT, the divestment fits into a broader capital recycling strategy. Amit Shetty, Chief Executive Officer of Embassy REIT, said, “We are pleased to conclude this transaction, which creates long-term value for our stakeholders.” He added that the sale enhances portfolio efficiency and provides greater flexibility to reinvest capital into new growth opportunities.
Embassy REIT currently owns and operates a 50.8 million-square-foot portfolio across India’s top office markets, with a strong focus on sustainability and ESG-led asset management.
Backed by a Scaled Investment Platform
EAAA Alternatives brings significant scale and experience to the table. With assets under management exceeding ₹65,000 crore as of September 2025, the firm operates across real assets and private credit strategies. Its real assets platform alone manages over ₹22,000 crore across infrastructure, energy, and commercial real estate, reinforcing its ability to execute large, institutional-grade transactions.
As India’s office market continues to attract long-term capital, deals like this highlight how institutional investors are prioritising high-quality assets with stable cash flows in well-established business parks.
