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Embassy REIT board approves acquisition of 8,048 sq ft retail space at FIFC, Mumbai

Mumbai real estate: Embassy REIT board approves acquisition of the 8048 sq ft retail space at First International Financial Centre

Published on: Oct 7, 2026, 16:38:40 IST
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Embassy Office Parks REIT, the country’s first listed REIT and the largest office REIT in Asia by area, on Oct 7 announced that its Board has approved the acquisition of 8,048 square feet of leasable retail area at First International Financial Centre, Mumbai, further consolidating its ownership at one of its flagship assets. The acquired space is 100% leased to leading F&B brands, the company said.

Embassy Office Parks REIT, the country’s first listed REIT, on Oct 7 announced that its Board has approved the acquisition of 8,048 square feet of leasable retail area at First International Financial Centre, Mumbai.
Embassy Office Parks REIT, the country’s first listed REIT, on Oct 7 announced that its Board has approved the acquisition of 8,048 square feet of leasable retail area at First International Financial Centre, Mumbai.

“This acquisition is a strategic addition to FIFC and further consolidates our ownership at one of our flagship assets in Mumbai. The space is fully leased to established F&B brands, ensuring continuity in the asset’s retail offering while supporting the overall occupier experience. We will continue to pursue selective, value-accretive opportunities that strengthen the quality of our assets, deepen our presence in strategic locations and create sustainable long-term value for our unitholders,” said Amit Shetty, Chief Executive Officer of Embassy REIT.

FIFC is one of Embassy REIT’s key Mumbai assets, located in Bandra Kurla Complex, one of India’s leading commercial business districts. A landmark Grade A office destination, FIFC brings together premium workspaces, strong connectivity, a high-quality occupier base and a well-developed amenity ecosystem.

India’s six publicly listed Real Estate Investment Trusts (REITs) have collectively distributed ₹3,136 crore to almost ₹5 lakh unitholders during the first quarter of the current financial year (Q1 FY27), data shared by the Indian REITs Association showed.

Also Read: Capital inflows into real estate surge to $5.1 bn; REITs, developers lead; Bengaluru, Mumbai, NCR account for 65% share

The six listed REITs are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust and Bagmane Prime Office.As of Q1 FY27, the total gross Assets Under Management (AUM) of the Indian REIT sector stood at over ₹3.17 lakh crore. The combined market capitalisation of the sector stood at over ₹2.17 lakh crore as of August 11, 2026.Together, the six REITs manage more than 214 million square feet of Grade A office and retail space across India. Since their inception, they have cumulatively distributed over ₹34,800 crore to the unitholders, highlighting the growing role of REITs in India’s capital markets.

Also Read: India’s REITs account for just 19% of listed real estate vs 57% globally, underscoring significant potential: Report

 
ABOUT THE AUTHOR
Vandana Ramnani

Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
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