Shardul Amarchand Mangaldas & Co. advises Brookfield India REIT on USD 1.5 billion acquisition of Arliga Ecoworld Business Parks Private Limited

December 30, 2025

Shardul Amarchand Mangaldas & Co. advised Brookfield India Real Estate Trust on its acquisition of 100% of the issued share capital of Arliga Ecoworld Business Parks Private Limited from a fund managed by Brookfield Asset Management, in a landmark transaction valued at approximately USD 1.5 billion.

The transaction is the largest acquisition involving a real estate investment trust in India to date, underscoring the continued appetite for high-quality commercial real estate assets and the growing maturity of India’s REIT market.

The transaction team was led by Jay Gandhi, Partner, and Natalee Nanda, Partner, with support from Namrata Mehta, Principal Associate; Shruti Khetan, Senior Associate; Mahinder Udasi, Associate; and Awantika Yash, Associate.

The Capital Markets team was led by Nikhil Naredi, Partner, and Rohit Tiwari, Partner, along with Harini Jambunathan, Senior Associate; Veronica Miranda, Associate; and Mathangi K, Associate.

The transaction was further supported by the Competition Law team, comprising Harman Singh Sandhu, Partner; Yaman Verma, Partner; Nitika Dwivedi, Partner; Apurv Jain, Senior Associate; Saii Divkanwar Siingh, Associate; and Urvi Pathak, Associate.

Shardul Amarchand Mangaldas & Co. acted as the legal advisors to Brookfield India REIT on all aspects of the transaction. The seller, a fund managed by Brookfield Asset Management, was advised by Khaitan & Co.