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)

Real Estate

15 Dec 2025

Sumadhura To Invest Rs 6,000 Million In Telangana Industrial Park

Sumadhura Group, one of South India’s leading real estate developers, has signed a memorandum of understanding with the Government of Telangana at the Telangana Rising Global Summit 2025, held at Bharat Future City. The agreement aligns with the state’s long-term vision to become a USD 3 trillion economy by 2047 through sustained investment in manufacturing, infrastructure, logistics and advanced industries. Under the MoU, Sumadhura Group will invest Rs 6,000 million over a two-year period to develop a 100-acre Grade A+ Industrial Park in Telangana. The project is aimed at attracting glob..

Liebherr Dozers Power MXGP Latvia Track Preparation

Liebherr’s PR 716 crawler dozers played a crucial role in the preparation and upkeep of the MXGP of Latvia 2025 track, delivering reliable performance under wet and demanding conditions. With operating weights between 13,300 kg and 15,800 kg and a 97 kW (132 hp) engine, the machines were well suited to reshaping and maintaining the circuit throughout the event. The crawler dozers were instrumental in smoothing the track surface and managing moisture-related challenges, ensuring optimal riding conditions. Advanced features such as precise blade control and efficient fuel consumption helped m..

TIL Unveils Three Indigenous Lifts At EXCON 2025

TIL Limited, India’s material handling and infrastructure equipment manufacturer, has unveiled three fully indigenous products at EXCON 2025, the country’s flagship construction equipment exhibition held at the Bangalore International Exhibition Centre. The launches underscore TIL’s focus on engineering excellence, safety and Make in India manufacturing, as it positions itself as a comprehensive solutions provider for India’s infrastructure growth. EXCON 2025 brings together more than 1,200 exhibitors and thousands of industry professionals, offering a platform for TIL to showcase its..