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.