Brookfield acquires 51% stake in Bharti's 4 commercial properties

02 May 2023 CW Team

Bharti Enterprises and Brookfield Asset Management have formed a joint venture for a 3.3 million square foot portfolio of commercial properties in the Delhi-NCR region and Punjab for Rs 50 billion.

With this agreement, a Brookfield-controlled real estate fund will now own 51 percent of the joint venture, while Bharti Enterprises will keep the remaining 49 percent. The buildings cover 3.3 million square feet and include Worldmark Aerocity in Delhi, Airtel Centre and Worldmark 65 in Gurugram, and Pavillion Mall in the Punjab city of Ludhiana.

“This transaction with Brookfield for our marquee properties in North India is a significant milestone for us to partner with a global infrastructure investor with deep and rich experience and insights into real estate,” said Harjeet Kohli, Joint Managing Director, Bharti Enterprises, said.

Bharti Realty, the real estate subsidiary of Bharti Enterprises, has constructed nearly 5 million square feet of grade-A varied commercial real estate, including commercial, retail, and leisure properties. The company is constructing more than 10 million square feet of retail and mixed-use real estate space in Delhi NCR.

Following the completion of this transaction, the company will retain ownership and operation of its remaining commercial properties, including a 10 million square foot development in Delhi Aerocity.

Kohli went on to say that Bharti will continue to develop real estate assets to meet India's growing demand for well-managed commercial real estate.

“High quality real estate in global gateway markets and in particular, the Indian office market, continue to witness high demand from occupiers. We look forward to leveraging our global expertise to build future ready office environments in India,” said Ankur Gupta, Managing Partner, Head of Real Estate, APAC region and Country Head - India, Brookfield.

Brookfield, a multinational investment business established in Canada, owns and operates more than 50 million square feet of commercial real estate in the markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Kolkata.

Bharti Enterprises and Brookfield Asset Management have formed a joint venture for a 3.3 million square foot portfolio of commercial properties in the Delhi-NCR region and Punjab for Rs 50 billion. With this agreement, a Brookfield-controlled real estate fund will now own 51 percent of the joint venture, while Bharti Enterprises will keep the remaining 49 percent. The buildings cover 3.3 million square feet and include Worldmark Aerocity in Delhi, Airtel Centre and Worldmark 65 in Gurugram, and Pavillion Mall in the Punjab city of Ludhiana. “This transaction with Brookfield for our marquee properties in North India is a significant milestone for us to partner with a global infrastructure investor with deep and rich experience and insights into real estate,” said Harjeet Kohli, Joint Managing Director, Bharti Enterprises, said. Bharti Realty, the real estate subsidiary of Bharti Enterprises, has constructed nearly 5 million square feet of grade-A varied commercial real estate, including commercial, retail, and leisure properties. The company is constructing more than 10 million square feet of retail and mixed-use real estate space in Delhi NCR. Following the completion of this transaction, the company will retain ownership and operation of its remaining commercial properties, including a 10 million square foot development in Delhi Aerocity. Kohli went on to say that Bharti will continue to develop real estate assets to meet India's growing demand for well-managed commercial real estate. “High quality real estate in global gateway markets and in particular, the Indian office market, continue to witness high demand from occupiers. We look forward to leveraging our global expertise to build future ready office environments in India,” said Ankur Gupta, Managing Partner, Head of Real Estate, APAC region and Country Head - India, Brookfield. Brookfield, a multinational investment business established in Canada, owns and operates more than 50 million square feet of commercial real estate in the markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Kolkata. See also: Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio NIIF, I Squared, Brookfield in talks to buy CleanMax

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..