EAAA Alternatives buys ₹530 crore office asset at Embassy Manyata, deepens bet on Bengaluru's tech hub

EAAA Alternatives, one of the leading alternative asset managers in India today, through its commercial real estate fund – Rental Yield Plus (RYP), has acquired around 376,000 sf in Greenheart Tech Park, which is part of Embassy Manyata Business Park in Bengaluru, for Rs 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.

The 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. 

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.

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.”

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.

Gautam Hora, MD, Rental Yield Plus Fund, said the 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.”

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. 

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.”

The platform has over 5,000 investors comprising of global pension funds, insurance companies, family offices and ultra-high net worth individual investors.