Brookfield India REIT Closes Rs 1,700 Crore Godrej BKC Deal
Brookfield India Real Estate Trust and NCW's Prime Offices Fund have completed the purchase of three office floors at Godrej BKC in Mumbai's Bandra Kurla Complex for about Rs 1,700 crore (INR 17 billion, roughly $177 million), the trust said. The deal closed on September 29, 2026.
Deal snapshot
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Space: about 264,000 sq ft across three floors
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Ownership: a 50:50 joint venture through Parthos One Private Limited
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Seller: an affiliated Brookfield private fund
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Partner: NCW is a venture of wealth manager Nuvama and U.S.-based Cushman & Wakefield
How the deal moved
The board cleared it on August 10, unitholders approved it on September 4, and Brookfield India REIT acquired 100% of the holding company's share capital on September 23 before final closing. The trust also bought Powai office units for Rs 75.2 crore (INR 752 million) in the preceding week.
Why it matters
BKC is one of Mumbai's premium office districts. The deal shows REITs using joint ventures and sponsor-linked assets to grow, a model that investors watch closely.
The REIT sector backdrop
India now has six listed REITs, which distributed Rs 3,136 crore to more than 485,000 unitholders in April-June, according to Business Standard. Together they manage over 214 million sq ft with gross assets above Rs 3.17 trillion.