India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

The ₹3,405 crore Bagmane Prime Office REIT IPO marks a major milestone in India’s commercial real estate market. Backed by Blackstone, the REIT features high-occupancy Grade A+ assets, strong GCC tenant demand, and built-in rental growth. A large development pipeline reflects rising institutional confidence in India’s office sector.
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Blackstone and Bagmane Group-backed Bagmane Prime Office REIT has named Richard Hugh Andrew as CEO ahead of its proposed ₹4,000-crore listing. With 20 million sq ft in Bengaluru, 98% occupancy, and strong GCC-led demand, the platform could become India’s sixth listed REIT, deepening institutional participation in commercial real estate.
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