Brookfield India Real Estate Trust and Prime Offices Fund have teamed up to purchase 264,000 square feet of Grade-A office space in Mumbai’s Bandra-Kurla Complex for ₹1,700 crore, signalling continued investor confidence in premium commercial properties amid rising demand and leasing activity.
Brookfield India Real Estate Trust has teamed up with Prime Offices Fund to buy 264,000 square feet of Grade-A office space in Mumbai’s Bandra-Kurla Complex for an enterprise value of ₹1,700 crore, in a deal that underscores continued investor appetite for premium commercial property in one of India’s tightest office markets.
The asset, in G Block of BKC, comprises three contiguous floors and will be acquired in equal partnership from a Brookfield private real estate fund in what the companies described as a related-party transaction. According to the joint statement, the space is leased to blue-chip tenants in financial services, real estate and technology, while Brookfield will remain responsible for overseeing and managing the property.
Shashank Jain, chief executive and managing director of Brookfield India Real Estate Trust, said the purchase would strengthen the trust’s portfolio and deepen its exposure to Mumbai, pointing to BKC’s tenant demand, connectivity and rental growth. Gaurav Puri, chief investment officer at NCW, said the acquisition gives Prime Offices Fund a foothold in BKC, which he described as India’s leading front-office market.
The move comes as Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management Private Limited, has just completed a final close at about ₹4,000 crore. The Economic Times reported that the fund has already deployed nearly half its capital, while other reports said its portfolio now spans about 4 million square feet and houses more than 70 occupiers, including global capability centres. Earlier this year, the fund also added a Grade-A office asset in Pune’s Kharadi, highlighting a broader push into established office hubs.
Brookfield also used its quarterly update to show the strength of its own platform. The trust said net operating income in the first quarter of fiscal 2027 rose 51.74% year on year to ₹756.6 crore, helped by higher operating lease rentals, while gross leasing increased 53.6% to 1.1 million square feet. It declared a distribution of ₹5.6 per unit, up from ₹5.25 a unit previously.
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