EAAA, the alternatives arm of Edelweiss, through its flagship commercial real estate fund - Rental Yield Plus (RYP) - today announced the acquisition of a Grade A office Park in Pune, spanning approximately 1.0 million sq. ft. of gross leasable area. The acquisition expands the portfolio of RYP to 5.2 million sq. ft., including around 1.0 million sq. ft. under binding contracts.
The milestone strengthens RYP's presence across some of India's leading office markets including Bengaluru, Gurugram and now Pune. RYP continues to focus on high-quality, institutional grade office assets that deliver stable income, yield and long-term value creation through active asset management.
The Pune asset is RYP's fifth investment and first in Maharashtra. Located in one of Pune's established office corridors, the asset is 95% occupied by a diversified mix of marquee tenants, providing immediate stable income visibility while offering further value creation opportunities through leasing initiatives, operational improvements and rental optimization beyond contractual escalations.
The Commercial Real Estate Strategy at EAAA Alternatives is led by Gautam Hora, who has over 25 years of experience, including more than two decades in real estate investing, asset management and portfolio strategy.
Since its first close in 2023, RYP has followed a differentiated investment approach focused on acquiring high-quality, operating Grade A and A+ institutional grade offices in established markets with strong leasing fundamentals. RYP focuses on assets leased to marquee tenants under long-term agreements, with the potential to generate attractive yield and income, while using technology-enabled analytics to enhance asset performance and create long-term value.
The Pune acquisition builds on RYP's earlier investments, including Phase 1 of International Tech Park Gurgaon (ITPG), acquired from GIC and CapitaLand, MFAR Manyata Greenheart Tech Park, Bengaluru from MFAR, Embassy Office Parks and SP Infocity.
EAAA is among the few domestic commercial real estate operators in India with an integrated platform spanning acquisitions, asset enhancement, active management and long-term value creation.
