Brookfield India Real Estate Trust (NSEI:BIRET) is set to acquire nearly 50% stake in Bharti Enterprises Limited? real estate joint venture with Brookfield Asset Management Ltd. (TSX:BAM). The deal is estimated to value the portfolio spread over 3.3 million sq.

ft. at around INR 60,000 million, said persons with direct knowledge of the development. Last year, Brookfield Asset Management had closed the transaction picking up around 50% stake in Bharti Enterprises?

four commercial properties in Delhi-NCR. Following this deal, Canadian institutional investor Brookfield?s listed REIT in India and Brookfield Asset Management will together own the joint venture known as Rostrum Realty Private Limited. ?A meeting of Brookfield India Real Estate Trust?s board of directors is currently on and the decision is expected to be taken tonight itself,?

said one of the persons mentioned above. ET?s email query to Brookfield and Bharti Group remained unanswered.