Brookfield India REIT Surges with 52% NOI Boost and Rs 456 Crore Payout

Brookfield India Real Estate Trust reported a significant 52% boost in net operating income, bringing the figure to Rs 742.9 crore for the March quarter. This achievement comes as the trust announced a Rs 456 crore distribution to unitholders.

The performance marks a robust fiscal year, characterized by record leasing of 4 million square feet, which contributed to an increased occupancy rate. CEO Alok Aggarwal highlighted the strategic acquisition of Ecoworld in Bengaluru as a key diversifying factor for the portfolio.

Aggarwal also noted over Rs 82 billion was raised from investors, strengthening Brookfield's position to capitalize on growth opportunities. With steady leasing momentum and a high-quality asset pipeline, the trust is poised for continued success.

(With inputs from agencies.)