India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024
Brookfield India REIT unitholders have approved the acquisition of three floors at Godrej BKC in Mumbai. The ₹17,000 million deal targets a 7.1% net distributable cash flow yield, with the 264,000-sq-ft asset expected to reach full committed occupancy by September 30, 2026.
READ MORE
Brookfield India Real Estate Trust and Prime Offices Fund will jointly acquire 264,000 sq ft of Grade A office space in Mumbai’s BKC. The leased asset has blue-chip tenants across financial services, real estate and technology. The transaction strengthens Brookfield REIT’s Mumbai presence and highlights continued investor confidence in BKC.
READ MORE
Brookfield India REIT posted a strong FY26 performance with operating lease rentals rising 22.9% year-on-year to ₹21,466 million. The growth was driven by the acquisition of Bengaluru’s Ecoworld campus, record leasing activity of 4 million sq ft, and a successful equity raise of ₹82 billion to support future expansion.
READ MORE
Brookfield India REIT has launched an institutional placement at a floor price of ₹329.94 per unit, following unitholder approval. The move aligns with SEBI regulations and reflects strong investor interest in commercial assets. The fundraising initiative signals confidence in India’s office market and REIT-led capital growth.
READ MORE
Morgan Stanley Advantage Services has leased around 1.6 lakh sq. ft. of office space at Brookfield’s Ecoworld in Bengaluru for nearly five years at a monthly rent of ₹1.92 crore. The deal reflects strong BFSI and GCC-led demand along the Outer Ring Road, reinforcing Bengaluru’s status as a global offshore hub.
READ MORE
Brookfield Asset Management and B. S. Sharma have partnered to build Asia’s largest Global Capability Centre in Powai, Mumbai. Spread across 2 million sq. ft., the project will house a marquee multinational bank under a long-term lease, reinforcing Mumbai’s leadership in GCC-driven commercial real estate growth.
READ MORE