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Brookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee to stay in the race for acquiring the flagship Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS). In an affidavit filed before the insolvency appellate tribunal NCLAT, Chronos Properties informed that it has tendered three demand drafts aggregating to Rs 148 crore with the registrar of the Mumbai-bench of the National Company Law Tribunal on December 19, 2025. Earlier on December 5, the NCLAT had directed Chronos Properties to renew its bank guarantee within a month to avoid disqualification as a bidder for IL&FS Financial Centre (IL&FS HQ) at BKC, Mumbai. "The appellant has complied with the direction passed by this tribunal in its order dated December 5, 2025, within the time frame (30 days) provided therein," said Chronos Properties in its affidavit filed before NCLAT recently. Passing an interim order on December 5, the National Company Law Appellate ...
The government of Andhra Pradesh has reaffirmed its fast-moving strategic partnership with Brookfield Asset Management following a high-level meeting between the state's Minister for IT, Electronics and Education, Nara Lokesh and Brookfield Asset Management President Connor Teskey on the sidelines of the World Economic Forum Annual Meeting 2026. The meeting reviewed progress since the leaders' earlier interaction in London and focused on accelerating next steps under the USD 12 billion memorandum of understanding signed at the CII Partnership Summit in Visakhapatnam, according to the statement government press release. The MoU is among the largest clean-infrastructure commitments announced at the summit and highlights Andhra Pradesh's growing profile as a destination for large-scale, sustainable investments. Discussions at Davos centred on fast-tracking Brookfield's clean-energypowered, gigawatt-scale data centre campus in Visakhapatnam, in line with the State's plan to position Viz
Chief Minister Devendra Fadnavis on Friday said asset manager Brookfield Properties is set to invest over USD 1 billion to create a global capability centre (GCC) facility in the state. Fadnavis said he held discussions with key Brookfield executives, and they've zeroed in on creating a 2 million sq ft GCC facility, which will be the largest in Asia, and perhaps the world as well. The facility will create over 15,000 direct jobs and support another 30,000 jobs indirectly, Fadnavis said. "It (investment) will be more than USD 1 billion. One single project will create 45,000 jobs," Fadnavis told reporters on the sidelines of an event here. A formal agreement between the government and the asset manager will be filed in due course, he added. In May this year, Brookfield Asset Management aims to more than triple its assets under management in India to USD 100 billion over the next five years. Overall, the firm's AUM in India, where it has been present for 15 years, is around USD 30 .
Brookfield India Real Estate Trust (BIRET) on Tuesday said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for Rs 13,125 crore to expand business. This will fall in related party transaction and is proposed to be done at arm length basis, the company said. In a regulatory filing on Tuesday, the company said the Board of Directors of Brookprop Management Services Pvt Ltd, which is the manager of BIRET, approved the acquisition of up to 100 per cent of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd at an acquisition price of Rs 1,31,250 million from the existing shareholder of Ecoworld SPV. The existing shareholders of Ecoworld SPV are BSREP III New York FDI I (DIFC) Ltd (including its nominee, BSREP III New York II (DIFC) Limited), forming part of the Brookfield group. "Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, which is a 48-acre, 7.7 million square fee
Brookfield India Real Estate Trust has posted 13 per cent increase in its net operating income to Rs 498.6 crore for the first quarter of this fiscal year and announced plans to raise up to Rs 1,000 crore through issue of preferential units to investors. Its Net Operating Income (NOI), which is revenue from operation minus direct operating expenses, stood at Rs 439.9 crore in the year-ago period, according to a regulatory filing on Friday. The company, an institutionally managed real estate investment trust (REIT) backed by rent-yielding office assets, announced distribution of Rs 319 crore to unitholders (Rs 5.25 per unit) for June quarter of 2025-26 fiscal. Brookfield India REIT also plans to raise up to Rs 1,000 crore through issue of preferential units to investors. It will issue up to 3.23 crore units at Rs 310 per unit. "The fiscal year began on a strong note with healthy leasing momentum, robust occupancy levels, and continued growth in distributions," said Alok Aggarwal, .
Brookfield India Real Estate Trust on Tuesday reported a 16 per cent increase in net operating income to Rs 488.5 crore and announced a distribution of Rs 319 crore to unitholders for the latest quarter ended March. Its Net Operating Income (NOI) stood at Rs 422 crore in the year-ago period. The company announced the distribution of Rs 319.1 crore (Rs. 5.25 per unit) to its unitholders for the March quarter, 10.5 per cent higher than the fourth quarter of the 2023-24 fiscal, according to a regulatory filing. During the full 2024-25 fiscal, the NOI grew by 37 per cent to Rs 1,854 crore from Rs 1,350 crore in the preceding year. The company declared total distributions of Rs 1,053.7 crore (Rs 19.25 per unit) in the last fiscal, an increase of 8.5 per cent than 2023-24 financial year. "Our fiscal 2025 has been a remarkable all-round performance, delivering strong leasing, double-digit same-store growth, higher distributions, and a marquee acquisition," said Alok Aggarwal, CEO and ...