Brookfield Expands Mumbai Presence with ₹370 Crore Jet Airways Office Acquisition
Brookfield Asset Management has strengthened its presence in Mumbai’s Bandra-Kurla Complex (BKC) by acquiring an additional office floor from Jet Airways for ₹370 crore, further consolidating its influence in the area.
Brookfield Asset ManagementJet AirwaysBandrakurla ComplexMumbaiCommercial Real EstateReal Estate MumbaiAug 12, 2025
The acquisition took place under the Insolvency and Bankruptcy Code (IBC) process and was overseen by the National Company Law Tribunal (NCLT). Brookfield exercised its right of first refusal to match a winning bid made by Bank of Baroda. This move further consolidates Brookfield’s presence in the Godrej BKC tower.
With this purchase, Brookfield now occupies around 250,000 square feet across three contiguous floors in the building. The deal also provides Brookfield with exclusive parking rights and transfers Jet Airways’ seat on the building’s management board to Brookfield. This shift enhances Brookfield’s influence on the building’s operations and strategic decisions.
Earlier, the floor had been sealed by the Municipal Corporation of Greater Mumbai due to unpaid dues. However, following directions from the NCLT, the floor was de-sealed in April 2025, enabling the current transaction.
The Bandra-Kurla Complex remains India’s most expensive commercial district. It recently witnessed a series of land deals generating nearly ₹5,000 crore in revenue. The Mumbai Metropolitan Region Development Authority (MMRDA), which acts as the special planning authority for BKC, leased five land parcels from its land bank earlier this year for terms of 80 years.
Among these was a notable lease won by a consortium led by Brookfield, which includes Schloss Bangalore Ltd, Arliga Ecospace, and Schloss Chanakya Pvt Ltd. This group secured 8,411 square meters of land in BKC’s G Block with development potential of 33,647 square meters. The lease is valued at ₹1,302 crore.
BKC hosts several key government offices, including the MMRDA, Goods and Services Tax (GST) department, Reserve Bank of India, Income Tax Department, and Family Court. The US consulate is also located in this area near the Jio Convention Centre. Luxury hotels such as Sofitel and Trident contribute to the district’s premium profile.
The complex has attracted prominent multinational corporations and financial institutions. Major tenants include Jio, Apple, Netflix, Google, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, Cisco, Pfizer, Spotify, and Blackstone.
Brookfield’s growing footprint in BKC signals continued investor confidence in Mumbai’s commercial real estate, despite challenges related to land availability. The firm’s strategic acquisitions enhance its portfolio and influence in one of India’s most valuable office markets.
This acquisition follows a trend of major corporate real estate transactions in Mumbai, as companies seek premium office space to support expanding operations. The location’s connectivity, infrastructure, and prestige continue to drive demand from global and domestic tenants alike.
Frequently Asked Questions
What is the value of the acquired office floor by Brookfield?
The value of the acquired office floor by Brookfield is ₹370.25 crore.
Which process was followed for the acquisition of the office floor?
The acquisition took place under the Insolvency and Bankruptcy Code (IBC) process and was overseen by the National Company Law Tribunal (NCLT).
How much floor space does Brookfield now occupy in the Godrej BKC tower?
Brookfield now occupies around 250,000 square feet across three contiguous floors in the Godrej BKC tower.
What other rights did Brookfield acquire with the office floor?
Brookfield also acquired exclusive parking rights and Jet Airways’ seat on the building’s management board, enhancing its influence on the building’s operations and strategic decisions.
What notable lease did Brookfield secure in the BKC recently?
Brookfield, along with a consortium, secured 8,411 square meters of land in BKC’s G Block with development potential of 33,647 square meters, valued at ₹1,302 crore.
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