Mumbai, Aug. 5 -- EAAA, through its flagship commercial real estate fund - Rental Yield Plus (RYP) said it has acquired commercial real estate in Pune, spanning approximately 1.0 million sq. ft. The acquisition expands the portfolio of RYP to 5.2 million sq. ft which includes nearly 1 million sq. ft. under binding contracts.
The deal strengthens RYP's presence across some of India's leading office markets including Bengaluru, Gurugram and now Pune. RYP focusses 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 which is located in one of Pune's established office corridors.
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