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BROOKFIELDINDIAREIT.IN Q2 FY2027 Investor Update November 2, 2026 DOWNTOWN POWAI (IT/COMMERCIAL), MUMBAI Appendix I
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BROOKFIELDINDIAREIT.IN By reading this presentation (the “Presentation”), you agree to be bound by the following limitations: This Presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular person, and should not be disclosed, reproduced, retransmitted, summarized, distributed or furnished, in whole or in part, to any other person or persons. The material that follows is a Presentation on the information pertaining to key updates of Brookfield India Real Estate Trust (“Brookfield India REIT”). We don't assume responsibility to publicly amend, modify or revise any statements in the Presentation on the basis of any subsequent development, information or events, or otherwise. This Presentation comprises information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. For ease and simplicity of representation, certain figures may have been rounded. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that any objectives specified herein will be achieved. Neither we, nor any of our affiliates, as such, make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, any loss, howsoever, arising from any use or reliance on this Presentation or its content or otherwise arising in connection therewith. Unless otherwise stated in this Presentation, the information contained herein is based on management information as they exist as of date/date indicated in this Presentation and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. Certain information contained herein constitutes forward-looking statements. Due to various risks and uncertainties, actual events or results or the actual performance of Brookfield India REIT may differ materially from those reflected or contemplated in such forward-looking statements. Although Brookfield India REIT believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations in light of the information presently available, you should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield India REIT to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those set forward in the forward-looking statements or information include but are not limited to: general economic conditions, changes in interest and exchange rates, availability of equity and debt financing and risks particular to underlying portfolio company investments. There is no guarantee that Brookfield India REIT will be able to successfully execute on all or any future deals, projects or exit strategies, achieve leasing plans, secure debt or receive development approvals as set forth in this Presentation. Projected results reflected herein have been prepared based on various estimations and assumptions made by management, including estimations and assumptions about events that have not yet occurred. Projected results are based on underwriting. Due to various risks, uncertainties and changes beyond the control of Brookfield, the actual performance of the Brookfield India REIT could differ materially from the projected results. There is no assurance, representation or warranty being made by any person that any of the projected results will be achieved and undue reliance should not be put on them. Industry experts may disagree with the assumptions used in presenting the projected results. Any changes to assumptions could have a material impact on projections and actual returns. Actual returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions on transfer that may limit liquidity, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the valuations used in the prior performance data contained herein are based. Accordingly, the actual realized returns on unrealized investments may differ materially from the returns indicated herein. In considering investment performance information contained herein, you should bear in mind that past performance is not necessarily indicative of future results and there can be no assurance that comparable results will be achieved, that an investment will be similar to the historic investments presented herein (because of economic conditions, the availability of investment opportunities or otherwise), that targeted returns, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved. Any information regarding prior investment activities and returns contained herein has not been calculated using generally accepted accounting principles and has not been audited or verified by an auditor or any independent party. Nothing contained herein should be deemed to be a prediction or projection of future performance. Certain of the information contained herein is based on or derived from information provided by independent third party sources. While Brookfield India REIT believes that such information is accurate as of the date it was produced and that the sources from which such information has been obtained are reliable, Brookfield India REIT does not guarantee the accuracy or completeness of such information, and has not independently verified such information or the assumptions on which such information is based. This document is subject to the assumptions (if any) and notes contained herein. The information in this Presentation does not take into account your investment objectives, financial situation or particular needs and nothing contained herein should be construed as legal, business or tax advice. Each prospective investor should consult its own attorney, business adviser and tax advisor as to legal, business, tax and related matters concerning the information contained herein. This document is just a Presentation and is not intended to be a “prospectus” or “draft offer document” or “offer document” or “final offer document” or “offer letter” or “offering memorandum” (as defined or referred to, as the case may be, under the Companies Act, 2013 and the rules notified thereunder, and the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended, or any other applicable law). This Presentation has not been and will not be reviewed or approved by a regulatory authority in India or elsewhere or by any stock exchange in India or elsewhere. None of the information contained herein (or in any future communication (written or oral) regarding an investment) is intended to be investment advice with respect to a proposed investment. If we should at any time commence an offering of units, debentures, bonds or any other securities/ instruments of Brookfield India REIT, any decision to invest in any such offer to subscribe for or acquire units, debentures, bonds or any other securities/ instruments of Brookfield India REIT, must be based wholly on the information contained in an offer document or offering circular (including the risk factors mentioned therein) issued or to be issued in connection with any such offer and not on the contents hereof. Any prospective investor investing in such invitation, offer or sale of securities by Brookfield India REIT should consult its own advisors before taking any decision in relation thereto. The securities of Brookfield India REIT have not been and will not be registered under the U.S. Securities Act, 1933, as amended (“U.S. Securities Act”), or the securities laws of any applicable jurisdiction and these materials do not constitute or form a part of any offer to sell or solicitation of an offer to purchase or subscribe for any securities in the United States of America or elsewhere in which such offer, solicitation or sale would be unlawful prior to registration under the U.S. Securities Act or the securities laws of any such jurisdiction. Disclaimer 2
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BROOKFIELDINDIAREIT.IN High Quality Properties in Gateway Cities India’s only 100% institutionally managed pan-India office REIT Note: All metrics are as at September 30, 2026. Operating metrics and Consolidated GAV include 100% of all assets across the presentation . Brookfield India REIT owns 87% economic interest in Ecoworld and 50% economic interest in G1, Downtown Powai (Commercial / IT Park), the North Commercial Portfolio and GBKC Floors . While Ecoworld, G1, Downtown Powai (Commercial / IT Park) and GBKC Floors are consolidated in the financials, North Commercial Portfolio is accounted for using the equity accounting method. 3 KolkataMumbai, Pune Bengaluru, Chennai, Hyderabad WORLDMARK, NEW DELHI SELECT ASSETS 32.9 MSF Operating Area 34% YoY 93% Committed Occupancy ~31% YoY decline in vacancy Rs 107PSF In-Place Rent Per Month 7%+ YoY 6.9 Yrs. WALE REIT Assets (in MSF) (Operating) 32.9 MSF Other Sponsor Assets (in MSF) (Including Development) 19.3 MSF GBKC FLOORS, MUMBAI CANDOR TECHSPACE G1, GURUGRAM 9 11 5 8 Gurugram, Noida, New Delhi 17 3
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BROOKFIELDINDIAREIT.IN Q2 FY2027 Business Highlights We have executed on our stated strategy and are poised for continued growth Metric Performance Leasing Gross leasing of 1.6 MSF + 0.6 MSF early leasing(1) Committed occupancy at 93%, 3% YoY Driven by strong leasing demand across product and tenant categories Income and Distributions Same store NOI 8% YoY Driven by lease-up and contracted rent growth DPU of Rs 5.70 per unit, 9% YoY 30% share of dividends, representing over 2x growth YoY Growth and Acquisitions Dividend component in distributions slated to grow Seven PAT generating entities to drive dividend growth; Rs 4,800 M in reserves for further upside Robust pipeline of Sponsor assets for potential acquisitions High-quality properties in top office markets; dry powder of Rs 34 Billion for future growth (at 32.5% LTV) 2 1 3 4 5 Star Rating For the fifth consecutive year 94.9/100 Standing Investments score Global Sector Leader 100/100 Development score Global Sector Leader (1) 0.3 MSF commitments against re-leasing of future expiries and 0.4 MSF of advanced renewals for expiries beyond FY2027. (2) For Baytown, Kolkata. (2)
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BROOKFIELDINDIAREIT.IN Leasing Success | Q2 FY2027 Robust leasing performance with 1.6 MSF of gross leasing at 16% spread New Leasing Renewals Gross Leasing Area (SF) 1,079,000 525,000 1,604,000 SEZ Properties (SF) 731,000 239,000 970,000 Average Rent (1) (PSF) Rs 95 Rs 106 Rs 98 Average Term(1) (Yrs.) 10.6 8.1 9.8 LEASING UPDATE – CURRENT QUARTER GCC 51%(2) | Others 49% (1) For office areas excluding amenity spaces, weighted by area. (2) For gross leasing activity of the quarter, including 0.6 MSF commitments achieved against future expiries. 1 5 Global Investment Management Co. Qualcomm R1 RCM Leading Online Vehicle Marketplace
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BROOKFIELDINDIAREIT.IN Leasing Success | Q2 FY2027 (Cont’d) Strong leasing momentum driven by demand from GCCs and domestic occupiers 0.3 MSF 0.6 MSF 0.6 MSF STRONG GROSS LEASING ACROSS PRODUCT CATEGORIES IT / Commercial 40% SEZ (Processing) 21% SEZ (Non-Processing) 39% 1 1.6 MSF Gross Leasing 16% Re-Leasing Spread(1) (1) For office areas excluding amenity spaces, weighted by area. OCCUPANCY GROWTH IN GURUGRAM PROPERTIES THROUGH NPA CONVERSIONS 6 G1 91% 93% Jun-26 Sep-26 9% YoY G2 81% 84% Jun-26 Sep-26 6% YoY AON Consulting Leading Online Vehicle Marketplace KEY LEASE-UPS Global Education Co. Indian Technology MNC Leading Indian Media Conglomerate KEY LEASE-UPS
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BROOKFIELDINDIAREIT.IN Leasing Success | Case Studies1 Strong stickiness from high-quality GCC tenants, demonstrated through renewals and expansions 7 136 136 100 Jun-26 Committed 8% SPREAD 7 YEAR LEASE TERM Leveraged strong tenant relationships to secure lease renewal and capture incremental GCC expansion demand, reinforcing tenant stickiness and long-term confidence in our campuses 412 189 224 235 Jun-26 Committed Global Investment Management Company Downtown Powai (SEZ) Ecoworld Expansion Renewal Expansion Renewal Existing Long- Term Lease SELECT TENANT EXPANSIONS (KSF) SELECT RENEWAL 8 YEAR LEASE TERM A Global Financial Institution 1.5 YEAR ADVANCED RENEWAL 8% RENEWAL SPREAD 219 KSF LEASABLE AREA Downtown Powai (IT/Commercial) 8% SPREAD 10 YEAR LEASE TERM The above renewal is in addition to the tenant’s lease of the entire One Downtown Central (272 KSF), secured last year
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BROOKFIELDINDIAREIT.IN Rs 1.54 , 27% Rs 2.24 , 39% Rs 1.72 , 30% Rs 0.20 , 4% Interest on Shareholder Loan Repayment of Shareholder Loan Dividends Other Income Rs 5.70 per unit (3) (4) (1) Excludes NOI of North Commercial Portfolio, which is accounted for using the equity accounting method in the financials. (2) Includes distribution from the North Commercial Portfolio. (3) Includes interest on CCDs and NCDs. (4) Includes repayment of NCDs. (5) Interest income on fixed deposits and gain on investment in mutual funds. Income and Distributions Q2 FY2027 FINANCIAL HIGHLIGHTS Q2 FY2027 - DPU COMPOSITION Rs 5.70 DPU 9% vs Q2 FY2026 Rs 604 Billion GROSS ASSET VALUE Rs 392 / unit NET ASSET VALUE 2 8 By November 13, 2026 PAYOUT DATE November 5, 2026 RECORD DATE Rs 7.7 Billion NET OPERATING INCOME (1) Rs 4.7 Billion DISTRIBUTIONS (2) (5) Dividends 2x YoY
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BROOKFIELDINDIAREIT.IN Growth and Acquisitions | Dividend Share in Distributions3 Achieved 30% dividend share; Ongoing initiatives are slated to further improve dividends in the near term 0% 11% 16% 30% Q2 FY24 Q2 FY25 Q2 FY26 Q2 FY27 9 49% Tax efficient share of DPU (Dividend + Shareholder Loan Repayment) DIVIDEND AS % OF DPU Profit After Tax(1) (Q2 FY2027, At-Share) Rs M Rs / Unit % of DPU Existing 1,400 1.8 ~30% Post Schemes(2) 1,800 2.2 ~38% Current PAT generation supports 30% dividend share in distributions, to grow to ~38% post schemes Income growth through lease-up / escalations / MTM will flow through as increased dividends, for seven entities which have positive PAT and positive reserves(2) Reserves balance of Rs 4,800 M(2) (Rs 5.8 / unit) may be utilised over next 2–3 years to further enhance dividend share As at September 30, 2026. (1) Represents the aggregate of positive PAT across SPVs. (2) Including impact of ongoing capital reduction schemes filed for N2 and Downtown Powai (IT/Commercial). 69%
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BROOKFIELDINDIAREIT.IN Growth and Acquisitions | Inorganic Growth Opportunities (1) Sponsor Group has 37.5% economic interest. (2) 50% stake is owned by the Sponsor Group. 3 Our Sponsor Group has high-quality properties across key gateway office markets 10 CONSOLIDATION OF NORTH COMMERCIAL PORTFOLIO (3.3 MSF)(2) BLUEGRASS, PUNE (2.0 MSF)(1) WATERSTONES, MUMBAI (1.4 MSF)
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BROOKFIELDINDIAREIT.IN Business Updates01 CANDOR TECHSPACE K1, KOLKATA
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BROOKFIELDINDIAREIT.IN (1) During the quarter, achieved escalation of 9.3% on 2.5 MSF leased area, including 5.0% annual escalations on 0.8 MSF and 15% 3-year escalations on 1.6 MSF. (2) Including Campus 3. (3) Brookfield India REIT has 72% economic interest in mixed -use development of 0.6 MSF. (4) Including 0.6 MSF area currently under development. (5) Including confirmed commitment of 19 KSF till date of this presentation. (6) Rationalizing area to 70% efficiency as per market norms. Significantly Complete and Diversified Portfolio Our portfolio has a Committed Occupancy of 93% and a long-dated WALE of 6.9 Yrs. Asset Economic Interest % Operating Area (MSF) Leased Area (MSF) Committed Occ. % WALE (Yrs.) In-place Rent (Rs PSF) (1) Dev. Potential (MSF) Asset Value (Rs B) Ecoworld 87% 7.1 6.7 95% 6.4 Rs 108 0.1 Rs 153 Downtown Powai 4.5 4.3 96% 5.4 171 - 124 IT / Commercial 50% 2.9 2.7 95% 3.6 189 - 91 SEZ 100% 1.6 1.6 97% 8.4 140 - 34 G2 72% 4.1 3.5 84% 8.3 92 0.1 48 N2 100% 4.0 3.7 92% 8.8 66 0.8 51 G1 50% 3.8 3.5 93% 6.1 86 0.1 61 K1 100% 3.2 3.2 98% 9.4 51 2.7 39 N1 100% 2.0 1.9 95% 7.8 66 0.9 31 Worldmark, New Delhi 50% 1.5 1.4 95% 5.4 236 - 49 Worldmark, Gurugram 50% 0.8 0.7 96% 5.5 94 - 12 Airtel Center 50% 0.7 0.7 100% 0.6 134 - 15 Pavilion Mall 50% 0.4 0.3 70% 5.0 66 - 3 GBKC Floors 50% 0.3 0.2 96% 6.6 371 - 18 Sub-Total 32.3 30.1 93% 6.9 Rs 107 4.6 Rs 604 Value Add: Ecoworld Campus 3 (6) 87% 0.7 - - - - - Total 32.9 SEZ Properties 20.0 18.4 92% 7.9 Rs 85 3.7 Processing Area 15.6 14.7 94% 7.1 85 3.1 Non-Processing Area (Converted / Applied) 4.4 3.7 83% 10.9 84 0.6 Non-SEZ Properties 12.3 11.7 95% 5.4 Rs 141 0.9 12 (2) (3) (4) (5)
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BROOKFIELDINDIAREIT.IN As at September 30, 2026. Value Diversification Ecoworld, Bengaluru, 29% Downtown Powai, Mumbai, 17% N2, Noida, 11% G2, Gurugram, 10%G1, Gurugram, 7% N1, Noida, 7% Worldmark, New Delhi, 5% Others, 14% High-growth micro-markets of Outer Ring Road, Bengaluru and Powai / BKC, Mumbai account for nearly half of portfolio value AT-SHARE GAV (BY GEOGRAPHY) AT-SHARE GAV (BY ASSET) 13 Bengaluru, 29% Mumbai, 19% Gurugram, 20% Noida, 18% Kolkata, 8% New Delhi, 5%
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BROOKFIELDINDIAREIT.IN High-quality Tenant Roster BFSI, 24% Technology Services, 18%Consulting, 13% Technology Products, 9% Retail and F&B, 5% Telecom, 5% Industrials and Logistics, 4% Healthcare, 3% Real Estate and Infrastructure, 2% Others, 16% SECTOR DIVERSIFICATION OF TENANTS(1) TOP 10 TENANTS(1) (1) By gross contracted rentals. (2) Banking, Financial Services and Insurance. (3) Includes managed office solution through CoWrks. (2) Tenant Name Industry % Gross Contracted Rentals % Leased Area Accenture Consulting 6% 7% Tata Consultancy Services Technology Services 5% 6% Bharti Airtel Telecom 3% 2% A Global Consulting Firm Consulting 3% 2% A Global Financial Institution (3) BFSI 3% 2% Capgemini Technology Services 3% 4% CoWrks Coworking 2% 2% Morgan Stanley BFSI 2% 2% Global Financial Services Firm BFSI 2% 1% Global Investment Management Co. BFSI 2% 2% Total 29% 29% 14 TENANT DIVERSIFICATION ACROSS OCCUPIER SEGMENTS GCC, 46% Front Office and Domestic Bluechips, 20% Retail, 5% Others, 28%
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BROOKFIELDINDIAREIT.IN 0.6 0.4 1.6 1.4 1.8 0.5 1.5 0.2 1.0 2.1 1.1 2.6 1.4 1.8 4% 15% 21% 28% -200% -150% -100% -50% 0% 50% 0 .0 0 .5 1 .0 1 .5 2 .0 2 .5 3 .0 3 .5 4 .0 H1 FY27 H2 FY27E FY28E FY29E FY30E Achieved Renewals / Re-Leasing Expected Renewals Area Expiring Cumulative Expiry (% of Rentals) Lease Expiry Profile Well staggered lease expiry profile with ~28% of the contracted rentals due for expiry till FY2030; secured 1.2 MSF commitments against renewal / re-leasing of future expiries in H2 FY2027 / FY2028 Note: Market rent used for calculation of MTM is basis the September 30, 2026 valuation report. (1) For office areas excluding amenity spaces. (2) Weighted average MTM spread on renewed and expired areas in H1 FY2027. Rent at expiry (Rs PSF) 82 118 125 125 140 MTM Spread % 14% 8% 10% 19% 11% LEASE EXPIRY SCHEDULE(1) 15 (2)
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BROOKFIELDINDIAREIT.IN 100/100 Development score #1 in Development Score in Asia/Listed Global Sector Leader ESG | Strong Sustainability Focus Continued recognition from global ESG institutions reaffirms our leadership in sustainability Steady and measurable improvement driven by robust planning, monitoring and execution Renewable Power(3) Water Recycling Rate (1) For Baytown, Kolkata. (2) SPT 1 and SPT 2 represent approved Sustainability Performance Targets (SPTs) for FY2028 and FY2030, respectively. KPI performance is subject to annual external verification in accordance with applicable SEBI requirements and the SLB framework. (3) Significant progress is expected on renewable power KPI in FY2028 on finalization of long-term third-party open access Power Purchase Agreements (PPA). 16 N2 achieved the IGBC Green Existing Building (Operations & Maintenance) Platinum Rating, reinforcing its commitment to sustainable building operations, resource efficiency and environmental stewardship 5 Star Rating For the fifth consecutive year (1) Ecoworld was recognized as the ‘Best Office Park of the Year’ at the RICS South Asia Awards 2026, highlighting excellence in office park development 94.9/100 Standing Investments score #1 in Management Score in Asia/Listed Global Sector Leader SUSTAINABILITY LINKED BOND – KEY PERFORMANCE INDICATORS(2) Majority of our properties received 5-star rating and Sword of Honour from the British Safety Council (BSC) for Occupational Health & Safety 45% 52% 57% H1 FY27 Actual FY28 SPT 1 FY30 SPT 2 40% 80% 97% H1 FY27 Actual FY28 SPT 1 FY30 SPT 2
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BROOKFIELDINDIAREIT.IN Financial Updates02 CANDOR TECHSPACE G2, GURUGRAM
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BROOKFIELDINDIAREIT.IN Rs Million Q2 FY2027 Growth vs Q2 FY2026 KEY DRIVERS Operating Lease Rentals (OLR) Rs 7,221 52.1% • Rs 2,473 million YoY increase: - Rs 266 million (5.6%) due to recent new leasing, renewals and escalations achieved offset by expiries - Rs 2,207 million (46.5%) from Ecoworld and GBKC Floors’ SPV Revenue from Operations Rs 9,964 48.3% • Rs 3,245 million YoY increase primarily due to: - Rs 266 million (4.0%) due to increase in OLR - Rs 126 million (1.9%) due to increase in CAM revenue - Rs 2,852 million (42.4%) from Ecoworld and GBKC Floors’ SPV Net Operating Income (NOI) Rs 7,672 50.6% • Rs 2,578 million YoY increase: - Rs 397 million (7.8%) primarily due to increase in OLR and CAM margin on account of improvement in occupancy and inflationary growth - Rs 2,181 million (42.8%) from Ecoworld and GBKC Floors’ SPV Q2 FY2027 | Financial Highlights 18 Note: The above metrics do not include OLR and NOI of the North Commercial Portfolio, which is accounted for using the equity accounting method in the financials. As at September 30, 2026.
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BROOKFIELDINDIAREIT.IN Rs Million H1 FY2027 H1 FY2026 KEY DRIVERS Operating Lease Rentals (OLR) Rs 14,360 Rs 9,324(1) • Rs 5,036 million (54.0%) YoY increase: - Rs 661 million (7.1%) due to same store new leasing and contractual escalations partly offset by expiries - Rs 4,375 million (46.9%) from Ecoworld and GBKC Floors’ SPV (+) CAM / Other Revenue 5,342 3,824(1, 2) • Rs 1,518 million (39.7%) YoY increase: - Rs 274 million (7.2%) due to increase in occupancy and inflationary impact - Rs 1,244 million (32.5%) from Ecoworld and GBKC Floors’ SPV Revenue from Operations Rs 19,702 Rs 13,148 (-) CAM / Other Direct Expenses (4,464) (3,068)(2) • Rs 1,396 million YoY (45.5%) increase: - Rs 130 million (4.2%) due to increase in occupancy and inflationary impact - Rs 1,266 million (41.3%) from Ecoworld and GBKC Floors’ SPV Net Operating Income (NOI) 15,238 10,080 • Rs 5,158 million YoY (51.2%) increase: - Rs 805 million (8.0%) primarily due to increase in OLR and CAM margin on account of improvement in occupancy and inflationary growth - Rs 4,353 million (43.2%) from Ecoworld and GBKC Floors’ SPV Property Income 19 Note: The above metrics do not include OLR and NOI of the North Commercial Portfolio, which is accounted for using the equity accounting method in the financials. As at September 30, 2026. (1) Reclassification of Rs 16 million out of composite revenue from OLR to CAM revenue. (2) Reclassification of certain recovery from tenants into CAM revenue, earlier netted off with CAM expenses.
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BROOKFIELDINDIAREIT.IN Rs Million Q1 FY2027 Q2 FY2027 H1 FY2027 Operating Lease Rentals (OLR) Rs 7,140 Rs 7,221 Rs 14,360 CAM / Other Revenue 2,599 2,743 5,342 Revenue from Operations Rs 9,738 Rs 9,964 Rs 19,702 CAM / Other Direct Expenses (2,173) (2,291) (4,464) Net Operating Income (NOI) Rs 7,566 Rs 7,672 Rs 15,238 Property Management Fees (190) (199) (389) Other Income (Net of Other Expense) 110 127 237 EBITDA Rs 7,485 Rs 7,601 Rs 15,086 Cash Taxes (Net of Refund) (130) (106) (236) Working Capital and Other Ind-AS Adjustments(1) 91 (108) (17) Cashflow from Operations Rs 7,446 Rs 7,387 Rs 14,833 Inflow/(Outflow) from Investing Activities(2) 3 263 266 Interest on External Debt (Including Other Borrowing Cost Amortization) (2,205) (2,120) (4,325) NDCF (SPV Level) Rs 5,244 Rs 5,530 Rs 10,775 Surplus Cash in SPVs Used for Distribution 144 - 144 Partners’ Share(3) (1,045) (1,016) (2,061) NDCF (SPV Level) for REIT Rs 4,343 Rs 4,514 Rs 8,858 Retained at SPV Level (6) (8) (14) Distribution Received from North Commercial Portfolio 433 451 884 NDCF Distributed to REIT Rs 4,770 Rs 4,957 Rs 9,728 Note: NDCF (SPV Level) does not include the North Commercial Portfolio that has been included in the financial statements sep arately as equity accounted investments. (1) Includes GBKC Floors SPV’s adjustment amounting to Rs. 20 million. (2) Includes fixed deposit matured and income from investing activities, netted off with fixed deposit created and capex to the e xtent not funded through debt. (3) Redemption of shareholder loans and interest accrued thereon. NDCF | Walkdown 20
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BROOKFIELDINDIAREIT.IN Rs Million Q1 FY2027 Q2 FY2027 H1 FY2027 NDCF Distributed to REIT Rs 4,770 Rs 4,957 Rs 9,728 Interest on Shareholder Debt/CCD/NCD 1,770 1,654 3,424 Dividends 784 1,444 2,228 Repayment of Shareholder Debt/NCD 2,216 1,859 4,075 Cash Flows Received from SPVs /Holdco Rs 4,770 Rs 4,957 Rs 9,728 Interest on External Debt (Including Other Borrowing Cost Amortization) (494) (409) (904) Treasury Income (Net of REIT Expenses) 154 12 166 NDCF Generated (REIT Level) Rs 4,430 Rs 4,560 Rs 8,990 Utilization of Available Cash 218 170 388 NDCF Distributable (REIT Level) Rs 4,647 Rs 4,730 Rs 9,378 NDCF per Unit (REIT Level) Rs 5.60 Rs 5.70 Rs 11.30 Distribution per Unit (REIT Level) Rs 5.60 Rs 5.70 Rs 11.30 NDCF | Walkdown 21
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BROOKFIELDINDIAREIT.IN Summary Balance Sheet 22 NOTES: a) Other Liabilities include trade & other payables, capital creditors, statutory dues, lease liabilities, deferred income, contract liabilities, deferred consideration, put option liability and provisions. b) Other Assets include, income tax advances, deferred tax, prepaid expenses, security deposits, restricted cash balances, loan to JVs and other receivables. c) North Commercial Portfolio is accounted for using the equity accounting method. Our business is well-capitalized, backed by a strong balance sheet and Sponsor Group Rs Million September 30, 2026 Total Equity Rs 2,18,367 Equity 1,83,997 Non-Controlling Interest 34,370 Liabilities Rs 2,05,420 Borrowings(1) 1,55,796 Security Deposits 16,323 Other Liabilities 33,301 Total Rs 4,23,787 Assets Investment Property 3,77,352 Investment Property Under Development 5,067 Investments accounted for using equity method 8,280 Cash & Cash Equivalents 15,127 Other Assets 17,961 Total Rs 4,23,787 (1) Includes CCDs and NCDs held by external shareholders and interest accrued thereon.
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BROOKFIELDINDIAREIT.IN 2.7 4.5 9.5 8.8 120.6 - 0.4 0.5 1.3 27.8 FY27 FY28 FY29 FY30 FY31+ Note: As at September 30, 2026 unless otherwise stated. (1) Basis GAV as at September 30, 2026 for Portfolio Assets, 50% of the GAV for the North Commercial Portfolio. Including the lia bility component of partners’ share of NCDs and CCDs, and shareholder debt from REIT to Rostrum, the consolidated LTV is 28.7%. (2) Impact of repo rate increase of 25 bps is expected post Q2 FY2027. (3) Bank borrowings (including interest accrued) and NCDs adjusted for processing fees of Rs 0.6 B. (4) 100% of the borrowings of the North Commercial Portfolio. Capital Structure and Liquidity Our portfolio is well capitalized for near term growth and maintains a AAA credit rating GROSS DEBT MATURITY PROFILE (Rs B) 26.7% LTV EXCLUDING SHAREHOLDER INSTRUMENTS(1) 7.3% AVERAGE INTEREST RATE(2) Dual AAA Rating [ICRA] AAA (STABLE) CRISIL AAA/STABLE Rs 30.0 B GROSS DEBT(4) 13 Yrs. AVERAGE MATURITY Rs 145.5 B GROSS DEBT(3) 9 Yrs. AVERAGE MATURITY 83% 2% 3% 6% 6% 13%87% Fixed Floating GROSS DEBT COMPOSITION 23 % RepaymentNorth Commercial Portfolio AssetsPortfolio Assets
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BROOKFIELDINDIAREIT.IN Information Supplement03 CANDOR TECHSPACE N2, NOIDA
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BROOKFIELDINDIAREIT.IN Brookfield: One of the World’s Largest Real Estate Portfolios With ~$280B in real estate AUM and ~24,000 employees across 50+ countries, Brookfield owns, operates and manages one of the world’s largest, highest quality portfolios ONE EAST, SHANGHAI CANARY WHARF, LONDON ICD BROOKFIELD PLACE, DUBAI BROOKFIELD PLACE, NEW YORK ONE THE ESPLANADE, PERTH BROOKFIELD PLACE, TORONTO 25
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BROOKFIELDINDIAREIT.IN Leasing Q2 FY2027 Tenant Assets Area (SF) Accenture N2 338,000 Leading Indian Media Conglomerate G2 114,000 Global Investment Management Co. Ecoworld 98,000 AON Consulting G1 63,000 Leading Online Vehicle Marketplace G1 59,000 Qualcomm Ecoworld 42,000 Xceedance N1 37,000 New Leasing 1,079,000 SF Global Investment Management Co. Ecoworld 224,000 Tata Consultancy Services K1 158,000 R1 RCM G2 27,000 Renewals 525,000 SF Total 1,604,000 SF SELECT NEW LEASES / RENEWALS (1) For office areas excluding amenity spaces. 10 Yrs. AVERAGE TERM (1) 1.4 MSF RE-LEASED AREA (1) Rs 98 PSF AVERAGE RENT ON GROSS LEASING (1) 16% RE-LEASING SPREAD (1) 26
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BROOKFIELDINDIAREIT.IN Detailed Lease Expiry Schedule (1) For office areas excluding amenity spaces. Area Expiring (‘000 SF) % of Gross Rentals In-place Rent at Expiry (Rs PSF)(1) Asset/Financial Year 6M 27E 28E 29E 30E 6M 27E 28E 29E 30E 6M 27E 28E 29E 30E Ecoworld 406 345 639 178 7% 5% 9% 3% Rs 109 Rs 110 Rs 98 Rs 115 Downtown Powai 284 578 391 704 8% 15% 11% 18% 165 177 195 192 IT / Commercial 176 360 305 607 8% 15% 13% 24% 182 191 205 196 SEZ 108 218 86 97 7% 15% 6% 7% 140 154 158 168 G2 13 - - 111 - - - 3% 106 - - 110 N2 50 44 130 119 1% 1% 4% 3% 62 54 76 74 G1 200 226 - 559 6% 7% - 16% 95 99 - 99 K1 33 438 5 - 1% 15% - - 54 53 64 - N1 24 - 102 - 1% - 6% - 56 - 68 - Worldmark, New Delhi 34 145 36 44 3% 11% 3% 4% 226 226 252 257 Worldmark, Gurugram 14 66 22 44 3% 9% 4% 6% - 86 98 92 Airtel Center - 693 - - - 100% - - - 132 - - Pavilion Mall 41 20 27 68 15% 11% 9% 29% - - - - GBKC Floors - 24 - - - 10% - - - 412 - - Total 1,100 2,578 1,354 1,828 4% 11% 5% 8% Rs 118 Rs 125 Rs 125 Rs 140 27
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BROOKFIELDINDIAREIT.IN Portfolio Occupancy: Q1 FY2027 to Q2 FY2027 (1) Excluding Campus 3. (2) From the date of execution of GBKC Floor’s share purchase agreement. (3) Including confirmed commitment of 19 KSF till date of this presentation. (4) Commitments against re-leasing / renewal of future expiries in 6M FY2027 / FY2028. June 30, 2026 September 30, 2026 Asset (KSF) Operating Area Leased Area Committed Occupancy Leasing Expiries Renewed Operating Area Leased Area Committed Occupancy Ecoworld(1) 7,082 6,687 94% 163 (371) 226 7,089 6,704 95% Downtown Powai 4,480 4,285 96% 67 (83) 22 4,481 4,291 96% IT / Commercial 2,861 2,737 96% 47 (83) 22 2,864 2,722 95% SEZ 1,619 1,548 96% 21 - - 1,617 1,569 97% G2 4,083 3,315 81% 173 (74) 38 4,106 3,452 84% N2 3,937 3,764 96% 376 (472) 1 3,985 3,668 92% G1 3,808 3,468 91% 160 (82) 1 3,820 3,548 93% K1 3,202 3,164 99% 1 (210) 199 3,202 3,154 98% N1 2,023 1,900 94% 69 (37) - 2,028 1,932 95% Worldmark, New Delhi 1,455 1,392 96% 32 (72) 33 1,455 1,386 95% Worldmark, Gurugram 751 715 95% 37 (33) 4 751 723 96% Airtel Center 693 693 100% - - - 693 693 100% Pavilion Mall 390 273 70% 1 (1) 1 390 274 70% GBKC Floors(2) 264 235 89% - - - 264 235 96%(3) Total 32,167 29,890 93% 1,079 (1,436) 525 32,264 30,058 93% 6M FY2027/28 (4) 275 (1,208) 933 28
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BROOKFIELDINDIAREIT.IN Portfolio Occupancy: Q4 FY2026 to Q2 FY2027 March 31, 2026 September 30, 2026 Asset (KSF) Operating Area Leased Area Committed Occupancy Leasing Expiries Renewed Operating Area Leased Area Committed Occupancy Ecoworld(1) 7,057 6,652 94% 368 (563) 246 7,089 6,704 95% Downtown Powai 4,477 4,264 95% 88 (166) 108 4,481 4,291 96% IT / Commercial 2,858 2,716 95% 67 (166) 108 2,864 2,722 95% SEZ 1,619 1,548 96% 21 - - 1,617 1,569 97% G2 4,087 3,403 83% 174 (164) 38 4,106 3,452 84% N2 3,916 3,662 94% 618 (708) 95 3,985 3,668 92% G1 3,792 3,363 89% 310 (128) 3 3,820 3,548 93% K1 3,202 3,164 99% 1 (348) 337 3,202 3,154 98% N1 2,023 1,982 98% 69 (147) 29 2,028 1,932 95% Worldmark, New Delhi 1,455 1,391 96% 84 (131) 41 1,455 1,386 95% Worldmark, Gurugram 751 693 92% 72 (58) 16 751 723 96% Airtel Center 693 693 100% - - - 693 693 100% Pavilion Mall 390 309 79% 3 (39) 2 390 274 70% GBKC Floors(2) 264 235 89% - - - 264 235 96%(3) Total 32,108 29,811 93% 1,788 (2,451) 915 32,264 30,058 93% 6M FY2027/28 (4) 275 (1,208) 933 29(1) Excluding Campus 3. (2) From the date of execution of GBKC Floor’s share purchase agreement. (3) Including confirmed commitment of 19 KSF till date of this presentation. (4) Commitments against re-leasing / renewal of future expiries in 6M FY2027 / FY2028.
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BROOKFIELDINDIAREIT.IN Q2 FY2027: New leasing and Renewals (1) For office areas excluding amenity spaces. (2) From the date of execution of GBKC Floor’s share purchase agreement. Asset New Leasing Renewals Gross Leasing Areas (KSF) Area Rent PSF PM (1) Area Rent PSF PM (1) Area Rent PSF PM (1) Ecoworld 163 Rs 126 226 Rs 124 389 Rs 125 Downtown Powai 67 172 22 205 89 175 IT / Commercial 47 182 22 205 69 185 SEZ 21 150 - - 21 150 G2 173 91 38 98 211 92 N2 376 66 - - 376 66 G1 160 86 - - 160 86 K1 - - 199 52 199 52 N1 69 69 - - 69 69 Worldmark, New Delhi 32 239 33 233 65 236 Worldmark, Gurugram 37 110 4 146 41 114 Airtel Center - - - - - - Pavilion Mall 1 140 1 61 2 108 GBKC Floors(2) - - - - - - Total 1,079 Rs 95 525 Rs 106 1,604 Rs 98 30
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BROOKFIELDINDIAREIT.IN H1 FY2027: New leasing and Renewals (1) For office areas excluding amenity spaces. (2) From the date of execution of GBKC Floor’s share purchase agreement. Asset New Leasing Renewals Gross Leasing Areas (KSF) Area Rent PSF PM (1) Area Rent PSF PM (1) Area Rent PSF PM (1) Ecoworld 368 Rs 118 246 Rs 123 614 Rs 120 Downtown Powai 88 177 108 195 196 186 IT / Commercial 67 185 108 195 175 191 SEZ 21 150 - - 21 150 G2 174 90 38 98 213 91 N2 618 66 95 71 713 67 G1 310 86 3 - 313 86 K1 1 - 337 52 338 52 N1 69 69 29 - 97 69 Worldmark, New Delhi 84 238 41 233 125 236 Worldmark, Gurugram 72 104 16 145 88 111 Airtel Center - - - - - - Pavilion Mall 3 169 2 124 5 148 GBKC Floors(2) - - - - - - Total 1,788 Rs 97 915 Rs 104 2,703 Rs 99 31
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BROOKFIELDINDIAREIT.IN Property Income | Consolidation Details (Q2 FY2027) Rs Million OPERATING LEASE RENTALS (OLR) REVENUE FROM OPERATIONS NET OPERATING INCOME(1) Q2 FY2027 Q2 FY2026 Q2 FY2027 Q2 FY2026(2) Q2 FY2027 % OLR Q2 FY2026 % OLR Ecoworld Rs 2,204 - Rs 2,849 - Rs 2,179 99% - - Downtown Powai 2,026 1,952 2,295 2,174 1,922 95% 1,840 94% IT / Commercial 1,477 1,364 1,682 1,521 1,415 96% 1,273 93% SEZ 549 587 613 653 507 92% 567 97% G2 626 584 1,038 983 642 102% 636 109% N2 670 631 1,097 1,042 729 109% 662 105% G1 851 786 1,237 1,152 914 107% 866 110% K1 469 434 784 723 505 108% 471 108% N1 371 361(3) 661 646 421 113% 400 111% GBKC Floors 3 - 3 - 2 - - - CIOP - - 431 264 300 - 165 - MIOP - - 64 60 57 - 54 - Intercompany Eliminations(4) - - (494) (324) - - - - Total (Consolidated) Rs 7,221 Rs 4,747 Rs 9,964 Rs 6,719 Rs 7,672 106% Rs 5,094 107% Portfolio Investments Worldmark, New Delhi Rs 929 Rs 911 Rs 1,068 Rs 999 Rs 871 94% Rs 798 88% Worldmark, Gurugram 196 197 242 247 185 94% 178 91% Airtel Center and Pavilion Mall 355 363 738 747 345 97% 348 96% Intercompany Eliminations - - (129) (123) - - - - North Commercial Portfolio Rs 1,480 Rs 1,470 Rs 1,919 Rs 1,871 Rs 1,401 95% Rs 1,324 90% 32 Note: From the date of execution of GBKC Floor’s share purchase agreement. (1) The NOI at SPV level is presented without intercompany elimination towards property management fee. (2) Reclassification of certain recovery from tenants into CAM revenue, earlier netted off with CAM expenses. (3) Reclassification of Rs 9 million out of composite revenue from OLR to CAM revenue. (4) Property management fee earned by CIOP and MIOP gets eliminated with corresponding operating and maintenance expenses at SPV level.
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BROOKFIELDINDIAREIT.IN Property Income | Consolidation Details (H1 FY2027) Rs Million OPERATING LEASE RENTALS (OLR) REVENUE FROM OPERATIONS NET OPERATING INCOME(1) H1 FY2027 H1 FY2026 H1 FY2027 H1 FY2026(2) H1 FY2027 % OLR H1 FY2026 % OLR Ecoworld Rs 4,372 - Rs 5,616 - Rs 4,350 100% - - Downtown Powai 4,114 3,862 4,664 4,316 3,938 96% 3,706 96% IT / Commercial 3,025 2,699 3,445 3,034 2,931 97% 2,580 96% SEZ 1,089 1,163 1,219 1,282 1,007 92% 1,126 97% G2 1,224 1,140 2,032 1,902 1,255 103% 1,226 108% N2 1,312 1,217 2,060 2,029 1,367 104% 1,303 107% G1 1,674 1,536 2,444 2,207 1,790 107% 1,661 108% K1 931 852 1,588 1,406 1,027 110% 913 107% N1 731 717(3) 1,295 1,288 821 112% 804 112% GBKC Floors 3 - 3 - 2 - - - CIOP - - 845 528 575 - 365 - MIOP - - 127 115 114 - 102 - Intercompany Eliminations(4) - - (972) (643) - - - - Total (Consolidated) Rs 14,360 Rs 9,324 Rs 19,702 Rs 13,148 Rs 15,238 106% Rs 10,080 108% Portfolio Investments Worldmark, New Delhi Rs 1,860 Rs 1,806 Rs 2,134 Rs 2,007 Rs 1,768 95% Rs 1,655 92% Worldmark, Gurugram 399 399 490 491 320 80% 377 94% Airtel Center and Pavilion Mall 714 722 1,448 1,461 666 93% 650 90% Intercompany Eliminations - - (242) (226) - - - - North Commercial Portfolio Rs 2,972 Rs 2,928 Rs 3,830 Rs 3,733 Rs 2,755 93% Rs 2,682 92% 33 Note: From the date of execution of GBKC Floor’s share purchase agreement. (1) The NOI at SPV level is presented without intercompany elimination towards property management fee. (2) Reclassification of certain recovery from tenants into CAM revenue, earlier netted off with CAM expenses. (3) Reclassification of Rs 16 million out of composite revenue from OLR to CAM revenue. (4) Property management fee earned by CIOP and MIOP gets eliminated with corresponding operating and maintenance expenses at SPV level.
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BROOKFIELDINDIAREIT.IN Capital Structure and Liquidity (1) As at September 30, 2026. (2) Bank borrowings (including interest accrued) and NCDs adjusted for processing fees of Rs 0.6 B. (3) Excludes liability component of partners’ share of NCDs and CCDs and CCDs held by Brookfield India REIT and interest accrued. (4) Includes 100% debt for the North Commercial Portfolio assets. Our portfolio is well capitalized for near term growth and maintains a AAA credit rating GROSS DEBT SUMMARY (Rs Billion) (1) Borrowings (2) Cost of Debt REIT Shareholder Debt / NCD (3) Portfolio Assets REIT 22.4 7.1% - Ecoworld 43.6 7.5% 2.0 Downtown Powai (SEZ) - - 12.4 Downtown Powai (IT / Commercial) 26.3 7.3% 0.9 G2+K1 25.4 7.2% 10.6 N2 - - 14.9 G1 19.1 7.3% 4.0 N1 - - 4.3 GBKC Floors 8.7 8.0% 0.6 MIOP - - 0.3 CIOP - - 0.1 Portfolio Assets 145.5 7.3% 50.1 North Commercial Portfolio(4) 30.0 7.3% 3.6 34
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BROOKFIELDINDIAREIT.IN Holding Structure 35 (1) Held by Brookfield Group. (2) Two of the portfolio assets Airtel Center & Pavilion Mall are held by Rostrum Realty Private Limited. 87% 100%100% 100% 50% 50%50% Downtown Powai (SEZ), Mumbai Candor TechSpace N1, Sector 62, Noida Candor TechSpace N2, Sector 135, Noida Candor TechSpace G2, Sector 21, Gurugram Candor TechSpace K1, Newtown, Kolkata Downtown Powai (IT/Commercial), Mumbai ASSET SPV Festus Properties Private Limited ASSET SPV Shantiniketan Properties Private Limited ASSET SPV Seaview Developers Private Limited ASSET SPV Candor Kolkata One Hi-Tech Structures Private Limited 100% Candor TechSpace G1, Sector 48, Gurugram Holding Company Rostrum Realty Private Limited(2) 100% ASSET SPV Aspen Buildtech Private Limited ASSET SPV Oak Infrastructure Developers Private Limited ASSET SPV Arnon Builders & Developers Private Limited 50% 50% Worldmark, Gurugram 100% 100% Airtel Center (1) Pavilion Mall 100% 100% ASSET SPV Kairos Properties Private Limited ASSET SPV Candor Gurgaon One Realty Projects Private Limited Worldmark, New Delhi Ecoworld, Bengaluru ASSET SPV Arliga Ecoworld Business Parks Private Limited 50%13% Brookfield India REIT GIC North Commercial Portfolio Holding Entity 360OneTRUSTEE: Axis Trustee Services Limited MANAGER: Brookprop Management Services Private Limited GBKC Floors, Mumbai Target SPV Parthos Properties Private Limited 50% 50% NCW Holding Company Parthos One Private Limited OPERATIONAL SERVICE PROVIDERS Mountainstar India Office Parks Private Limited Candor India Office Parks Private Limited 100%
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BROOKFIELDINDIAREIT.IN Research Coverage RESEARCH HOUSE ANALYST EMAIL ID Ambit Karan Khanna Karan.Khanna@ambit.co Avendus Girish Choudhary Girish.C@avendusspark.com Axis Capital Pritesh Sheth Pritesh.Sheth@axiscap.in 360One Capital Amit Srivastava Amit.Srivastava@360.one BOB Capital Markets Yashas Gilganchi Yashas.Gilganchi@bobcaps.in BofA Securities Kunal Tayal Kunal.Tayal@bofa.com CLSA Kunal Lakhan Kunal.Lakhan@clsa.com HSBC Bank Puneet Gulati PuneetGulati@hsbc.co.in ICICI Securities Adhidev Chattopadhyay Adhidev.Chattopadhyay@icicisecurities.com IIFL Mohit Agarwal Mohit.Agrawal@iiflcap.com Investec Anuj Upadhyay Anuj.Upadhyay@investec.com JM Financial Sumit Kumar Sumit.Kumar@jmfl.com Kotak Institutional Equities Murtuza Arsiwalla Murtuza.Arsiwalla@kotak.com Morgan Stanley Monica Dasoju Monica.Sharma@morganstanley.com Nuvama Parvez Qazi Parvez.Qazi@nuvama.com 36
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BROOKFIELDINDIAREIT.IN AEIPL Arliga Ecoworld Infrastructure Private Limited Bharti Group Bharti Enterprises Limited and its affiliates BIRET / Brookfield India REIT Brookfield India Real Estate Trust Brookfield Group / Sponsor Group Brookfield Corporation and its affiliates CAM Common Area Maintenance CGORPPL Candor Gurgaon One Realty Projects Private Limited CIOP Candor India Office Parks Private Limited Combined Portfolio Includes Portfolio Assets and the North Commercial Portfolio Committed Occupancy Downtown Powai Comprises IT / Commercial (9 buildings) and SEZ (Kensington) portfolio spread across a 250- acre integrated township in Powai EAI Equity Accounted Investment Ecoworld High quality office park spread across 15 buildings / 48 acre located in ORR, Bengaluru Financial Year Pertains to the period from April 1 of the previous year to March 31 of the stated year, e.g., 2027 is the period from April 1, 2026 to March 31, 2027 G1 Candor TechSpace G1 (Candor TechSpace, Sector 48, Gurugram) G2 Candor TechSpace G2 (Candor TechSpace, Sector 21, Gurugram) GCC Global capability centers of large MNCs strategically integrated with their global operations GIC GIC, a global institutional investor Gross Asset Value / Asset Value The market value as determined by the Valuer as of September 30, 2026 In-Place Rent Monthly rental income (per square foot) contracted from leased area, including car park income. It does not include fit-out income, CAM income, and others K1 Candor TechSpace K1 (Candor TechSpace, New Town, Kolkata) Kairos Kairos Properties Private Limited Glossary (Occupied Area + Completed Area under Letters of Intent) Completed Area In % 37
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BROOKFIELDINDIAREIT.IN Glossary (Cont’d) Kensington Kensington, Powai Mark-to-market (MTM) Headroom / Spread Refers to the potential change in base rent between new leases signed at market rates and leases expiring at in-place rents, reflected as a % change LTM Last Twelve Months MIOP Mountainstar India Office Parks Private Limited N1 Candor TechSpace N1 (Candor TechSpace, Sector 62, Noida) N2 Candor TechSpace N2 (Candor TechSpace, Sector 135, Noida) NCD/CCD Non-convertible debenture / Compulsory convertible debenture NDCF Net distributable cash flows (non-GAAP measure). Please refer to pg. 285-287 of the Offer Document for calculation methodology Net Operating Income (NOI) Net Operating Income calculated by subtracting Direct Operating Expenses from Revenue from Operations North Commercial Portfolio Portfolio of assets comprising 3.3 MSF acquired from the Bharti Group NPA Non-Processing Area NTM Next Twelve Months Operating Area Completed area for the asset SPVs Operating Lease Rentals (OLR) Revenue from leasing of premises including warm shell rent, fit-out rent and car parking income Portfolio Assets Assets whose operations are controlled by BIRET (G1, G2, N1, N2, K1, Downtown Powai, Ecoworld and GBKC Floors) PSF Rent Rent per square foot including car park income QIP Qualified Institutional Placement Reco entities Affiliates of GIC SDPL Seaview Developers Private Limited YTD Year to date WALE Weighted Average Lease Expiry based on area. Calculated assuming tenants exercise all their renewal options post expiry of their initial lock-in period 38