EAAA Alternatives, one of the leading alternative asset managers in India today, through its commercial real estate fund – Rental Yield Plus (RYP), has acquired ~376,000 sf in Greenheart Tech Park which is part of Embassy Manyata Business Park in Bengaluru, for INR 530 crore. Embassy Manyata Business Park is owned by Embassy REIT which is India’s first listed REIT and the largest office REIT in Asia by area.
This acquisition marks the third investment from RYP, and consolidates the funds ownership within Greenheart Tech Park, which is part of Embassy Manyata Business Park, one of Bengaluru’s largest and most prominent technology hubs, housing global enterprises across sectors such as Manufacturing, BFSI, Lifestyle, Consumer Goods, Auto, Technology, Flex Space, and Consulting. Its scale and tenant diversity make it a cornerstone of the city’s commercial real estate landscape, and we are proud to deepen our presence here.
Commenting on the investment, Mr. Subahoo Chordia, CEO, EAAA Alternatives, said, “This is our 35th asset acquisition in real assets business and demonstrate our interest and capability in investing and aggregating high quality assets.”
Furthermore, Gautam Hora, Managing Director, Rental Yield Plus Fund, added, “This transaction reinforces our commitment to acquiring prime assets in India’s most resilient markets. Strengthening our ownership at Greenheart Tech Park (~1.5msf within Embassy Manyata) allows for a more cohesive management approach, providing us the opportunity to execute our value-enhancement strategy and drive superior outcomes for our tenants and investors.”
Amit Shetty, Chief Executive Officer, Embassy REIT, said, “We are pleased to conclude this transaction which creates long-term value for our stakeholders. This divestment aligns with our capital recycling strategy, enhances portfolio efficiency, and provides us with greater flexibility to reinvest in new opportunities.”
About EAAA Alternatives
EAAA Alternatives is one of the leading alternative asset managers in India, with a track record of over 15 years and assets under management (AUM) exceeding ₹65,000 crore as of 30 September 2025. Built on a diversified, multi-strategy platform, the firm focuses on Real Assets and Private Credit business strategies, delivering innovative investment solutions to capture large-scale, structural opportunities for a global and domestic client base.
The Real Assets business, with an AUM of more than INR 22,000 crore, invests across infrastructure, energy and commercial real estate assets. The private credit business, with an AUM of over INR 45,500 crore, offers customized credit solutions to large corporates, through performing private credit and special situations funds.
As one of the pioneers in real assets and private credit strategies, EAAA Alternatives is committed to delivering income and yield solutions to its clients. The firm’s investor- first commitment is supported by a dedicated team of over 260 professionals, including more than 70 investment experts and 45+ operating partners. The platform has over 5,000 investors comprising of global pension funds, insurance companies, family offices and ultra-high net worth individual investors.
About Embassy REIT
Embassy REIT is India’s first publicly listed Real Estate Investment Trust and the largest office REIT in Asia, by area. Embassy REIT owns and operates a 50.8 msf portfolio of 14 office parks in India’s best-performing office markets of Bengaluru, Mumbai, Pune, the National Capital Region (‘NCR’) and Chennai. Embassy REIT’s portfolio comprises 40.9 msf completed operating area and is home to 274 of the world’s leading companies.
The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT’s industry leading ESG program has received multiple accolades from renowned global institutions and was awarded a 5-star rating both from the British Safety Council and GRESB. Embassy REIT was included in the 2023 Dow Jones Sustainability Indices, making it the first REIT in India to be recognised for its sustainability initiatives by a leading global benchmark.
