Bagmane Prime Office REIT, a commercial real estate investment trust backed by Blackstone, is looking to expand its operations beyond its current base in Bengaluru to include Chennai and Delhi. The company aims for a net operating income of ₹2,675.8 crore in FY27, with significant contributions expected from various properties, including ₹751 crore from Bagmane Tech Park. The REIT plans to raise ₹3,405 crore through its initial public offering (IPO) scheduled for May 5, which will involve issuing fresh units worth ₹2,390 crore and an offer-for-sale of up to ₹1,015 crore from existing unitholders. The long-term outlook is promising, with expectations that the net operating income from Bagmane Cosmos Business Park could reach ₹807.3 crore by FY30. This growth strategy reflects the company's confidence in the commercial real estate markets of Chennai and Delhi.