Brookfield India REIT to raise Rs 35 billion for debt reduction and growth

12 Nov 2024 CW Team

Brookfield India Real Estate Trust has announced plans to raise up to Rs 35 billion through an institutional placement of units aimed at reducing debt and funding growth. The decision, approved by the board of Brookprop Management Services Pvt Ltd, the REIT's manager, allows for the issuance of units in one or more placements.

Proceeds from the issue will be allocated toward repaying outstanding debt, general corporate purposes, and potential growth opportunities. The company also noted that funds could support operating expenses, capital expenditures, and investments in high-quality instruments.

In the second quarter of this fiscal, Brookfield India REIT reported a 40% rise in net operating income, reaching Rs 4.85 billion, up from Rs 3.46 billion the previous year. Additionally, the REIT declared a distribution of Rs 2.20 billion to unitholders for the quarter.

On the leasing front, Brookfield India REIT recorded 1 million square feet of gross office space leasing, driven by strong demand. The REIT’s portfolio spans 28.9 million square feet across 10 Grade A assets in key cities, including Delhi, Mumbai, Gurugram, Noida, and Kolkata. This includes 24.3 million square feet of operational area, 0.6 million square feet under construction, and 4 million square feet slated for future development.

(Business Standard)

Infrastructure Transport

08 Oct 2025

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..