Shardul Amarchand Mangaldas & Co. (SAM) and Khaitan & Co advised on Brookfield India REIT’s acquisition of Arliga Ecoworld Business Parks Private Limited for approximately US$1.5 billion, marking the largest real estate investment trust transaction in India to date.

The transaction involves the acquisition of Ecoworld, a marquee Grade A office campus in Bengaluru spanning approximately 7.7 million square feet, from a fund managed by Brookfield Asset Management. The deal significantly expands Brookfield India REIT’s operating portfolio and strengthens its presence in one of India’s most prominent office markets.

SAM advised Brookfield India REIT.

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

Capital markets advice was provided by Partners Nikhil Naredi and Rohit Tiwari, assisted by Senior Associate Harini J, Associates Veronica Miranda and Mathangi K.

Competition law aspects were handled by Partners Harman Singh Sandhu, Yaman Verma, & Nitika Dwivedi, supported by Senior Associate Apurv J, Associates Saii Divkanwar Singh and Urvi Pathak.

Khaitan & Co advised Brookfield Asset Management on the sale of Arliga Ecoworld Business Parks Private Limited.

The core transaction team consisted of Partners Aashutosh Sampat, Abir Sarkar, Harsh Parikh, & Sudheer Madamaiah, along with Principal Associates Amruthavarshini, & Sharan Sanil, Senior Associate Anushka Garg, Associates Aman Nayar, Shambhavi Kashyap, Shrey Chhabra, Vanshika M. Banthia, and Consultant Nandita Mathihalli. The team was assisted on indirect tax matters by Partner Mayank Jain and Principal Associate Pranay Sahay. Banking and finance advice was provided by Principal Associates Rashneet Kaur, & Udita Singh and Associate Shikha Mohini. Corporate and commercial aspects were supported by Senior Associate Bimbita Kateel, Associates Prakhar Khandelwal and Viraj Puri.