In a bold move indicative of confidence in India's real estate sector, Brookfield Asset Management, a global leader in institutional investment, has announced plans to inject over $10 billion into the Indian market over the next three to five years. This substantial investment aims to capitalize on the country's burgeoning real estate industry, effectively doubling Brookfield's real estate assets under management (AUM) in India during the specified period.
Ankur Gupta, Managing Partner and Head of Real Estate for Asia Pacific at Brookfield, revealed the company's steadfast commitment to India's market potential. "Our commitment to India is unwavering; we remain steadfast in seeking out opportunities for growth," Gupta stated in an interview with ET. He further outlined Brookfield's ambitious vision, stating, "Looking ahead, the prospect of reaching another $10 billion seems far more attainable given our wealth of experience across various sectors. We will double from here in the next 3-5 years."
Brookfield, already a significant player in India's real estate landscape, currently boasts a vast portfolio spanning more than 51 million square feet across seven major Indian cities. With total AUM exceeding $25 billion across various sectors including infrastructure, renewable power, transition, real estate, and private equity, the company is poised for expansive growth.
Gupta emphasized the strategic diversification and expansion plans for Brookfield's future in India. "We have plans to expand into housing, industrial, and retail sectors, and there is ample room for growth in these areas," Gupta stated, underscoring the under-built nature of India's real estate market compared to the demands of its rapidly growing economy.
Highlighting Brookfield's commitment to community-building and affordability, Gupta stressed the importance of rental housing projects alongside commercial and retail developments. "This approach not only helps in transforming urban places into vibrant communities but also aligns with Brookfield’s conviction that rental housing is essential for enhancing affordability," Gupta affirmed.
As Brookfield sets its sights on a substantial investment journey in India's real estate market, the company's strategic vision and commitment to sustainable growth appear poised to reshape the country's urban landscape and drive economic progress.
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