Chairman’s Message
Downtown Powai - Commercial/IT Park Mumbai
ESG at Brookfield India REIT
Committed to Unitholder Expectations
Statutory Section
Central to our strategy is the recent acquisition of a 50% stake in the North Commercial Portfolio, which not only expands our asset base but also has significantly increased our market visibility and attracted heightened interest from prospective tenants. This move reflects our commitment to inorganic growth, while strong leasing demand and ongoing development initiatives drive our organic expansion. Every acquisition and project we undertake aligns with our long-term vision of creating sustainable and future-ready spaces. These world-class assets reinforce our commitment to delivering exceptional value and setting new standards in the Indian real estate industry.
We are committed to sustainability, integrating Environmental, Social, and Governance (ESG) principles into every aspect of our operations. We prioritize operational excellence and responsible stewardship to ensure our developments contribute positively to the environment and the communities we serve.
Our recent GRESB announcement highlights our dedication to responsible practices that minimize environmental impact and foster community engagement.
As we look forward, Brookfield India REIT is poised for continued success, leveraging strong market fundamentals to achieve our full-year targets. We are not just part of India’s economic surge; we are actively shaping its future through excellence, innovation, and sustainable growth.
EXPANDING HORIZONS
As India’s economy continues to grow and the influx of Global Capability Centers (GCCs) and multinational corporations rises, the demand for high-quality, Grade-A office spaces is increasing. These spaces foster connection, collaboration, and innovation, making them essential for business success and attracting top talent.
At Brookfield India REIT, we are strategically positioned to meet this growing demand. Our extensive portfolio of Grade-A office spaces across key gateway cities supports India’s vision as the "Office to the World". By delivering state-of-the-art workspaces and integrated ecosystems, we empower businesses to thrive. With recent portfolio expansions through strategic acquisitions and our commitment to unlockingalue from existing assets, we aim to lead India’s transformation into a global business hub.
Brookfield India REIT holds one of the largest Grade-A office portfolios across India’s primary business destinations – Mumbai, Gurugram, Noida, and Kolkata. Standing out for their scale, future-ready infrastructure, and modern amenities, our campuses are a preferred choice for companies looking to establish or expand operations in India’s most dynamic markets.
To further strengthen our value proportion and address the growing demand, we have acquired a 50% stake in the North Commercial Portfolio, comprising four high-quality Grade-A assets. It gives us entry into the markets of New Delhi and Ludhiana and strengthens our presence in Gurugram.
This acquisition reinforces our position as India’s most diversified office REIT and adds 3.3M sf of prime commercial space to our portfolio. These assets are located in established micro-markets, offering excellent connectivity and a vibrant environment with modern retail and F&B options, creating a seamless live-work-play experience for occupiers.
Our campuses are more than just office spaces; they are dynamic ecosystems designed to foster collaboration and innovation. Purposefully built to meet the evolving demands of top-tier talent, they offer a blend of superior infrastructure, state of the art amenities and a progressive work environment that enhances productivity and service delivery for our tenants.
Our commitment to sustainable and responsible practices is unwavering. With industry-leading green-building certifications and advancements in energy transition, waste management, and safety, we prioritize the health and well-being of our stakeholders while promoting environmental stewardship.
Backed by the expertise of our Sponsor and Manager, we remain focused on investing in campus improvements and cultivating business-critical spaces where companies can thrive, innovate, and achieve lasting success.
North Commercial Assets with Prime Front Office in Delhi NCR
High-quality commercial operating area added
Invested in refurbishment and upgrades
STRATEGIC GROWTH
At Brookfield India REIT, a commitment to creating value for unitholders is at the core of our strategy. With the demand for high-quality Grade-A office space on the rise, our portfolio is in the spotlight. We are undertaking a balanced approach that combines inorganic and organic growth to seize opportunities. Through this, we have built a resilient growth trajectory, aligning with India’s dynamic commercial real estate landscape and maximizing long-term returns for unitholders.
Our acquisition of the North Commercial Portfolio is a strategic step in our commitment to building a diversified and value-accretive portfolio within the REIT. This addition expands our operating portfolio by 16%, with a significant footprint in prime gateway cities, and marks our entry into the pivotal New Delhi market, further solidifying our leadership in India's Grade-A office real estate sector.
The acquisition also enhanced our portfolio's diversification, reducing the concentration of our top five tenants to 25%, thereby increasing the stability of our income streams. Furthermore, the share of commercial/IT Park assets in our consolidated GAV has grown from 34% to 46%, unlocking greater potential for growth and driving leasing activity. These assets, with a established track record of strong leasing and rental growth, provide clear visibility for sustained future growth.
Our portfolio continues to unlock significant organic growth potential, as demonstrated by our achievements in H1 FY2025. We experienced robust demand across our assets, resulting in a committed occupancy increase of 500 bps—marking our fourth consecutive quarter of growth. Additionally, same-store NOI driven by contractual escalations and mark-to-market realizations.
In line with recent SEZ reforms, we successfully converted 0.6M sf of SEZ area across our portfolio into non-processing area, with an additional 1.3M sf in the pipeline. This strategic move expands our tenant base, unlocking new growth opportunities.
Our expansion is supported by the financial strength and backing of our sponsor, BSREP India Office Holdings V Pte. Ltd, an affiliate of Brookfield Corporation, which is amongst the world’s largest alternative managers. With access to over 26M sf of our sponsor group’s high-quality assets in India’s gateway cities, we are uniquely positioned to achieve strong medium-to-long-term growth. Their confidence in the growing Indian economy and the commercial office space, coupled with a strong financial profile, provides a trajectory for future expansion and value creation for our unitholders.
