Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Singapore's sovereign wealth fund GIC announced a partnership to acquire two commercial properties in India for Rs 112.25 billion. To finance these acquisitions, BIRET proposed an institutional placement of up to Rs 35 billion, with the possibility of considering other fundraising methods such as preferential allotment of units.The board of the manager of the REIT has approved an enabling resolution to raise the funds, subject to unit holder approval. The proposed institutional placement is expected to raise Rs 34 billion specifically for the asset acquisitions. This fundraising initiative will enable BIRET to finance its acquisition plans and further strengthen its portfolio of commercial properties in India.