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)