Key Takeaways
- • EAAA Alternatives' Rental Yield Plus (RYP) Fund acquired approximately 376,000 square feet of prime office space in Greenheart Tech Park at Embassy Manyata Business Park, Bengaluru, for ₹530 crore, marking the fund's third investment and consolidating its ownership position in the asset.
- • The acquisition represents EAAA Alternatives' 35th real asset investment and strengthens the firm's presence in Bengaluru's technology hub, which houses major multinational enterprises across manufacturing, BFSI, consumer goods, technology, and consulting sectors.
- • Embassy REIT, India's first listed REIT and Asia's largest office REIT by area, completed the divestment as part of capital recycling strategy, enabling EAAA to consolidate approximately 1.5 million square feet of total holdings within Greenheart Tech Park for unified management and value-enhancement execution.
- • EAAA Alternatives manages assets exceeding ₹65,000 crore as of September 30, 2025, operating a diversified real assets and private credit platform serving global and domestic institutional clients seeking exposure to India's resilient commercial real estate markets.
Summary
EAAA Alternatives, through its commercial real estate fund Rental Yield Plus, has completed the acquisition of 376,000 square feet of office space in Greenheart Tech Park—part of the larger Embassy Manyata Business Park in Bengaluru—for ₹530 crore. The transaction closed on December 24, 2025, and represents the fund's third investment from this vehicle, while marking EAAA Alternatives' 35th acquisition in its real assets business segment.
The acquisition consolidates EAAA's ownership position within Greenheart Tech Park to approximately 1.5 million square feet, enabling the fund to implement a unified management and value-enhancement strategy across a significantly larger footprint. Embassy Manyata Business Park, owned by Embassy REIT (India's first listed REIT and Asia's largest office REIT by area), serves as one of Bengaluru's most prominent technology hubs, hosting global enterprises across diversified sectors including manufacturing, BFSI, lifestyle, consumer goods, automotive, technology, flex space, and consulting services.
Gautam Hora, Managing Director of Rental Yield Plus Fund, emphasized that the transaction "reinforces our commitment to acquiring prime assets in India's most resilient markets" and provides opportunity to "execute our value-enhancement strategy and drive superior outcomes for our tenants and investors." The divestment by Embassy REIT reflects the REIT's capital recycling strategy while allowing EAAA Alternatives to deepen its institutional presence in one of India's largest tech corridors.
EAAA Alternatives, which manages assets exceeding ₹65,000 crore as of September 30, 2025, operates a diversified platform spanning real assets and private credit strategies. The firm brings a 15-year track record of serving global and domestic institutional clients seeking exposure to India's high-quality, income-generating real estate assets in structurally resilient markets. CEO Subahoo Chordia noted the firm's "interest and capability in investing and aggregating high quality assets," positioning the transaction as validation of EAAA's ability to identify and scale institutional-grade commercial real estate investments in India's major employment centers.
The acquisition consolidates EAAA's ownership position within Greenheart Tech Park to approximately 1.5 million square feet, enabling the fund to implement a unified management and value-enhancement strategy across a significantly larger footprint. Embassy Manyata Business Park, owned by Embassy REIT (India's first listed REIT and Asia's largest office REIT by area), serves as one of Bengaluru's most prominent technology hubs, hosting global enterprises across diversified sectors including manufacturing, BFSI, lifestyle, consumer goods, automotive, technology, flex space, and consulting services.
Gautam Hora, Managing Director of Rental Yield Plus Fund, emphasized that the transaction "reinforces our commitment to acquiring prime assets in India's most resilient markets" and provides opportunity to "execute our value-enhancement strategy and drive superior outcomes for our tenants and investors." The divestment by Embassy REIT reflects the REIT's capital recycling strategy while allowing EAAA Alternatives to deepen its institutional presence in one of India's largest tech corridors.
EAAA Alternatives, which manages assets exceeding ₹65,000 crore as of September 30, 2025, operates a diversified platform spanning real assets and private credit strategies. The firm brings a 15-year track record of serving global and domestic institutional clients seeking exposure to India's high-quality, income-generating real estate assets in structurally resilient markets. CEO Subahoo Chordia noted the firm's "interest and capability in investing and aggregating high quality assets," positioning the transaction as validation of EAAA's ability to identify and scale institutional-grade commercial real estate investments in India's major employment centers.
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