Our focus on disciplined growth is reflected in our strong performance in the first half of FY2026, underpinned by governance, sustainability, and partnerships.
India’s economy continues to demonstrate remarkable strength and stability, powered by steady domestic demand, a deep talent pool, and strong macro fundamentals. A growing middle class, accelerating urbanization, and the increasing financialization of savings, all converging to create promising demand for real assets. As the Indian economy advances five to ten trillion dollars over the coming decades, this transformation will unfold in the physical spaces including office towers, logistics hubs and industrial parks, that drive productivity and create spaces for people and communities to thrive. The built environment is the bedrock of economic progress and Brookfield India REIT continues to be an enabler of this growth.
Our focus on disciplined growth is reflected in our strong performance in the first half of FY2026, underpinned by governance, sustainability, and partnerships.
We have built a market-leading franchise as one of India’s largest office landlords, owning and developing world-class workplaces across key cities pan India. We are strategic partners to global companies that, like us, recognize the long-term value and potential of being in India.
Companies are diversifying operations and restructuring supply chains, making India a natural beneficiary of these shifts, with its demographic strength, digital ecosystem, talent pool and cost competitiveness. We are seeing this reflected in the expansion of Global Capability Centres, which now anchor demand for office space across key Indian cities. GCC-driven demand for office space in India rose 8% in the first nine months this year, reaching 50.9M sf.
Our assets are best-in-class located in the most important urban hubs, and managed with the discipline and transparency that institutional tenants and investors expect. We continue to be the landlord of choice to some of the world’s most respected organizations, by housing ~8M sf of cutting-edge workspaces for Global Capability Centers (GCC) in India.
Since our listing, we have grown our portfolio to ~29M sf, making us one of the largest office landlords in India. This scale has been achieved through a combination of organic growth and disciplined acquisitions. In the first half of FY2026, the successful preferential issue of ₹ 10B, supported by marquee investors, reflects confidence in both the strength of our operating assets and our governance standards.
Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, a 48-acre, 7.7M sf office campus located on the Outer Ring Road in Bengaluru. This acquisition will mark our entry into one of India’s strongest office markets, expanding the size of our REIT by over 30% and positioning us as a truly pan India platform. These opportunities represent expansion of scale, diversification into markets and sectors that are well aligned with India’s long-term growth drivers.
Our commitment is to ensure that every investment we make is accretive to unitholders. This discipline has allowed us to build a portfolio that is resilient, diversified, and well positioned for the future.
We uphold the highest standards of governance, ensuring transparency, accountability, and ethical conduct in every decision we make.
Sustainability is integral to us, it informs how we design, operate, and enhance our assets. Several of our marquee campuses achieved certifications such as EDGE from IFC, and we completed re-certifications under ISO 50001 for energy management across multiple properties. Our commitment to global best practices in sustainability was once again validated this year as Brookfield India REIT received a 5-star GRESB rating for the fourth consecutive year.
We continue to advance toward our goal of transitioning to 100% renewable power by 2027. Already, 40% percent of our portfolio operates on green energy, and we are scaling this further through innovative bilateral procurement models. Tenants increasingly seek landlords who can support their de-carbonization commitments, and our leadership in this space makes us a partner of choice.
We continue to invest in wellness programs for tenants, host community healthcare initiatives, and expand our education and urban greening efforts, and provide a year-round calendar of events and activations to enhance the everyday experience of our tenants.
The outlook for India’s commercial real estate sector remains favorable. With committed occupancy of 90% as of September 30, 2025, and a healthy pipeline for vacant inventory, our platform has significant embedded growth potential. SEZ conversions are opening new avenues for leasing, and the combination of contractual escalations and healthy market spreads provides further visibility of income growth.
Brookfield India REIT continues to stand out for its conservative balance sheet, disciplined capital allocation, and consistent track record of distributions. Our NAV stood at ₹ 349 per unit as of September 30, 2025, and our AAA-rated platform reflects the financial resilience we have built.
As we look ahead, our focus remains clear. We will continue to deepen our partnerships with global enterprises, unlock embedded value within our existing portfolio, and pursue new opportunities with discipline. We will also maintain our leadership in sustainability and governance, which we believe are central to creating long-term value for unitholders.
On behalf of the Board of Directors, I extend my gratitude to all our unitholders, tenants, partners, and employees for your continued trust.
Sincerely,
Chairperson, Board of Directors
Manager of Brookfield India Real
Estate Trust