Strengthening Roots in Mumbai’s Financial Heart

Brookfield Expands BKC Presence with Jet Airways’ Office Acquisition.                                                                                                                                                                                                          

Brookfield Asset Management has bolstered its Mumbai footprint by acquiring another floor in Godrej BKC for ₹370.25 crore through Jet Airways’ insolvency process. Exercising its right of first refusal to match Bank of Baroda’s bid, Brookfield now owns three contiguous floors—about 2.5 lakh sq ft—with exclusive parking and a seat on the building’s management board. The premium Bandra-Kurla Complex property, among Mumbai’s most expensive office locations with rents of ₹650–₹700 per sq ft, was previously sealed over unpaid dues and de-sealed in April via NCLT. Brookfield’s existing floors are fully leased to marquee tenants like the World Bank and PayPal, ensuring steady income. This move follows its recent acquisition of a prime two-acre BKC plot, reinforcing its strategy to dominate the city’s Grade-A commercial real estate market. Godrej BKC remains a prime business address since its 2011 completion, attracting top corporates and financial institutions.