The Nuvama and Cushman & Wakefield (NCW) PRIME Offices Fund has achieved its final close at INR 4,000 crore, emerging as one of India's largest domestically managed office-focused real estate investment funds. The milestone highlights growing investor confidence in India's commercial real estate market, particularly the premium office segment, which continues to witness strong leasing demand despite global economic uncertainties. 
The fund has attracted commitments from a diversified base of institutional investors, family offices and high-net-worth individuals seeking long-term exposure to income-generating commercial assets. Managed through the partnership between Nuvama Asset Management and Cushman & Wakefield, the platform aims to capitalise on India's expanding office market by investing in high-quality Grade A office developments across major metropolitan markets. 
The PRIME Offices Fund intends to focus on acquiring, developing and managing institutional-grade office assets in cities such as Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai and Pune. These markets continue to dominate India's office leasing activity, supported by sustained demand from multinational corporations, Global Capability Centres (GCCs), technology companies, financial institutions and flexible workspace operators. 
According to the fund managers, India's office sector continues to offer attractive long-term investment opportunities owing to favourable economic fundamentals, increasing formalisation of businesses and sustained corporate expansion. The rapid growth of GCCs has become a major demand driver, with multinational companies increasingly choosing India for technology, engineering, research and business support operations. This structural demand has helped maintain healthy occupancy levels and stable rental growth across premium office assets. 
The successful INR 4,000 crore fundraise also reflects the increasing maturity of India's alternative investment ecosystem. Domestic investors are allocating larger amounts of capital to professionally managed real estate funds as commercial properties offer relatively stable income streams and long-term capital appreciation. Institutional participation has also strengthened governance standards, asset management practices and transparency within the sector. 
The fund will adopt an active investment strategy by identifying high-potential commercial assets that can generate value through leasing improvements, operational efficiencies, redevelopment opportunities and disciplined asset management. The managers expect the portfolio to benefit from India's favourable office demand-supply dynamics and increasing preference among occupiers for sustainable, technology-enabled Grade A workplaces. 
Industry experts believe the fund's final close comes at an opportune time, as India's office market continues to demonstrate resilience compared with several global markets. Recent reports have shown record office leasing activity during the first half of 2026, with GCCs accounting for a significant share of transactions. Strong demand from Fortune 500 companies, technology firms and financial services organisations has further reinforced confidence in the long-term outlook for premium commercial real estate. 
The success of the PRIME Offices Fund is also expected to pave the way for additional institutional fundraising in India's commercial property sector. Market participants anticipate growing investor interest in specialised office, logistics, data centre and mixed-use real estate funds as the country's economy continues to expand and urbanisation accelerates. 
With the fund now fully capitalised, NCW plans to deploy investments across carefully selected commercial opportunities that align with its long-term investment strategy. By combining Nuvama's investment management expertise with Cushman & Wakefield's deep real estate advisory capabilities, the platform aims to create a high-quality office portfolio capable of delivering sustainable returns while contributing to the continued institutionalisation of India's commercial real estate market.