Brookfield India Real Estate Trust (BIRET), India’s only 100% institutionally managed office REIT, has successfully raised approximately ₹2,000 crore through Sustainability‑Linked Bonds (SLBs). Anchored by International Finance Corporation (IFC), a member of the World Bank Group, the issuance attracted participation from a diversified pool of marquee investors and marks a significant milestone for India’s real estate capital markets.
The five‑year bonds, rated CRISIL AAA/Stable and ICRA AAA/Stable, will be used for shareholder loans to select REIT entities and general corporate purposes. Barclays acted as arranger, while Shardul Amarchand Mangaldas & Co. served as legal counsel.
The SLBs link financial performance to ambitious ESG targets, including renewable energy adoption and water stewardship, driving portfolio‑wide increases in clean energy use and improvements in recycling, efficiency, and responsible resource management. Structured under Brookfield India REIT’s Sustainability‑Linked Finance Framework, the issuance aligns with ICMA’s Sustainability‑Linked Bond Principles and SEBI’s ESG debt framework, with Bureau Veritas providing an independent Second Party Opinion validating the materiality of the performance targets.
Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India REIT, said, “IFC’s role as the anchor investor, together with strong support from marquee investors, reflects confidence in our sustainability strategy and long‑term approach. Embedding measurable sustainability outcomes into our financing framework reinforces our ambition to lead the sector’s shift toward low‑carbon, resource‑efficient operations, achieve Net Zero by 2040 or sooner, and build a resilient, water‑positive future across our portfolio.”
Imad N Fakhoury, Regional Division Director for South Asia, IFC, added, “We are pleased to anchor Brookfield India REIT’s inaugural sustainability‑linked bond, supporting the growth of India’s Global Capability Center ecosystem while incentivizing sustainability across operations. This investment reflects our shared commitment to resource‑efficient growth and resilient urban development.”
Brookfield India REIT has been recognised as a Global Sector Leader in both Standing Investments and Development, achieving a 5‑Star rating for the fourth consecutive year under the GRESB assessment. Its leadership is reinforced by alignment with globally recognised frameworks and certifications, including IFC EDGE for resource efficiency and IGBC for green building excellence.
