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Brookfield’s Moon Holdings enters into real estate deal in Mumbai

Tuesday, 25 Mar 2025
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Brookfield Group's subsidiary, Moon Holdings (DIFC) has entered into a transaction with Supreme Infrastructure India promoter group companies, BSS Property Ventures and Rajeshwar Property Ventures, to expand its commercial real estate portfolio in India, which currently spans 55 million sq. ft.

The deal involves acquiring a majority stake in special purpose vehicles (SPVs) that have secured access to around six acres of prime land in Powai, Mumbai, along with a permissible floor space index (FSI) exceeding one lakh sq. ft. Brookfield has already invested over Rs 600 crore and is expected to invest more in developing Grade-A office spaces.

The land transaction is linked to the construction of Project Affected Persons (PAP) buildings by the SPVs through a contractor as part of a rehabilitation and resettlement project under the Mumbai Metropolitan Region Development Authority (MMRDA). Landowner Bhawanishankar Sharma, co-promoter of Supreme Group, will oversee the construction of PAP buildings and has entered a pact with MMRDA through his companies.

MDP Associates, led by Ashok Paranjpe and Vatsal Merchant, represented the landowner’s family, while Jay Gandhi of Shardul Amarchand Mangaldas and Sajit Suvarna of DSK Legal advised Moon Holdings.

Brookfield has been actively expanding in Mumbai’s commercial real estate sector. In January, it signed a USD 12 billion investment pact with MMRDA for infrastructure projects and recently acquired an eight percent stake in Nirlon, strengthening its foothold in the city’s office space segment.

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