• Commercial
• 1 min read

Embassy REIT to acquire 8,048 sq ft office space in Mumbai’s BKC for ₹48.29 crore

Embassy Office Parks REIT will acquire a commercial unit in First International Financial Centre, Bandra Kurla Complex, from Citigroup Global Markets India for ₹48.29 crore. The acquisition, comprising 8,048 sq ft of saleable area, is expected to be completed by Q3 FY27.

The board of Embassy Office Parks Management Services, manager to Embassy REIT, approved the proposed acquisition on October 6, 2026.

The commercial premises, located on the ground floor of FIFC, comprise 5,231 sq ft of carpet area and 8,048 sq ft of saleable area, along with the exclusive right to use seven car-parking spaces.

The company will acquire the premises from Citigroup Global Markets India through Earnest Towers (ETPL), a special purpose vehicle of the REIT. Following completion of the transaction, the premises will be held by ETPL.

The transaction is expected to be completed on or before Q3 FY27. Stamp duty and registration charges will be borne by ETPL.

FIFC is an approximately 0.7 million sq ft commercial office building in BKC. Embassy REIT, through ETPL, currently owns about 0.4 million sq ft in the property.

The REIT said the acquisition would further consolidate its ownership in FIFC and is expected to contribute to rental income.