Brookfield India REIT to Buy Rs 131.25 Billion Bengaluru Assets

07 Nov 2025 CW Team

The acquisition, which qualifies as a related party transaction, will be carried out on an arm’s length basis, the company said in a regulatory filing on Tuesday.

The Board of Directors of Brookprop Management Services Pvt Ltd, the manager of BIRET, has approved the purchase of up to 100 per cent equity in Arliga Ecoworld Business Parks Pvt Ltd — the entity owning the assets — from its existing shareholder, BSREP III New York FDI I (DIFC) Ltd, and its nominee, BSREP III New York II (DIFC) Ltd, both part of the Brookfield Group.

“Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, a 48-acre office campus with 7.7 million square feet of leasable area located on the Outer Ring Road (ORR) in Bengaluru,” said Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India REIT.

“This acquisition marks our entry into one of India’s most dynamic office markets, expanding our REIT portfolio by over 30 per cent and positioning us as a truly pan-India platform. Our embedded growth prospects remain robust, supported by steady leasing momentum and a strong operating portfolio,” he added.

Ecoworld, one of Bengaluru’s most prominent business parks, hosts leading global and domestic corporates. The acquisition will significantly increase BIRET’s exposure to the city’s thriving technology corridor, which continues to witness high-grade office space demand.

Currently, BIRET manages 10 Grade-A commercial assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its existing portfolio comprises 29.1 million square feet of total leasable area, including 24.6 million square feet of operational assets, 0.6 million square feet under construction, and 3.9 million square feet of future development potential.

With the addition of the Bengaluru asset, Brookfield India REIT aims to further diversify its portfolio and strengthen its leadership in India’s premium office market, supported by continued investor confidence and long-term rental stability.

Brookfield India Real Estate Trust (BIRET) has announced plans to acquire 7.7 million square feet of commercial assets in Bengaluru for Rs 131.25 billion, as part of its strategy to expand its business footprint across India. The acquisition, which qualifies as a related party transaction, will be carried out on an arm’s length basis, the company said in a regulatory filing on Tuesday. The Board of Directors of Brookprop Management Services Pvt Ltd, the manager of BIRET, has approved the purchase of up to 100 per cent equity in Arliga Ecoworld Business Parks Pvt Ltd — the entity owning the assets — from its existing shareholder, BSREP III New York FDI I (DIFC) Ltd, and its nominee, BSREP III New York II (DIFC) Ltd, both part of the Brookfield Group. “Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, a 48-acre office campus with 7.7 million square feet of leasable area located on the Outer Ring Road (ORR) in Bengaluru,” said Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India REIT. “This acquisition marks our entry into one of India’s most dynamic office markets, expanding our REIT portfolio by over 30 per cent and positioning us as a truly pan-India platform. Our embedded growth prospects remain robust, supported by steady leasing momentum and a strong operating portfolio,” he added. Ecoworld, one of Bengaluru’s most prominent business parks, hosts leading global and domestic corporates. The acquisition will significantly increase BIRET’s exposure to the city’s thriving technology corridor, which continues to witness high-grade office space demand. Currently, BIRET manages 10 Grade-A commercial assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its existing portfolio comprises 29.1 million square feet of total leasable area, including 24.6 million square feet of operational assets, 0.6 million square feet under construction, and 3.9 million square feet of future development potential. With the addition of the Bengaluru asset, Brookfield India REIT aims to further diversify its portfolio and strengthen its leadership in India’s premium office market, supported by continued investor confidence and long-term rental stability.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Real Estate

03 Jun 2026

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Infrastructure Transport

03 Jun 2026

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..