Brookfield Asset Management and Bharti Enterprises have recently completed a Rs 5,000 crore deal, marking a significant development in the Indian real estate sector. Under the agreement, Brookfield acquired a 100% stake in Bharti Realty’s commercial properties located in Delhi-NCR, making it one of the largest commercial real estate deals in India.
The deal includes four properties, comprising three commercial buildings and a land parcel, with a total area of approximately 4 million square feet. The properties are strategically located in prime areas of Delhi-NCR, including Gurgaon and Aerocity, and are currently leased to blue-chip clients such as National Payment Corporation of India, Nokia, and HCL Technologies.
Bharti Enterprises will continue to hold the land parcel adjacent to one of the commercial buildings, which it plans to develop into a mixed-use project. As part of the deal, Brookfield and Bharti Enterprises have also entered into a strategic partnership to jointly pursue new investment opportunities in the Indian real estate market.
This transaction is a testament to the growing demand for commercial real estate in India and highlights the confidence of global investors in the country’s real estate sector. It also reflects the continued growth of the Indian economy, which is expected to drive further investment in the country’s real estate sector. The deal is expected to further strengthen Brookfield’s position as one of the largest investors in the Indian real estate market.
Follow and Connect with us: Twitter, Facebook, Linkedin, Instagram
