Bagmane REIT Targets ₹2,700 Cr NOI by FY27, Highlights Low Debt & Rental Upside

• Bagmane Prime Office REIT aims for ₹2,700 crore net operating income by FY27, backed by Blackstone.
• The REIT boasts a gross asset value of ₹39,000 crore with a low 7% loan-to-value ratio.
• It features stable cash flows (7.3 years WALE) and a 20% mark-to-market potential in rentals.
• Current portfolio includes 20 million sq ft across 6 Bengaluru properties, with 47 million sq ft under ROFR.
• Plans to raise ₹4,000 crore via IPO; will be India's fifth office REIT and fifth backed by Blackstone.

Why It Matters: Bagmane Prime Office REIT projects strong growth and financial stability with low debt and significant rental upside.