Embassy-Blackstone to file for Rs 6,000 crore REIT this month

This is likely to be the only REIT of 2017, other investors wait & watch

The wait for real estate investment trusts, or REITs, in the country could end soon, with Embassy Office Parks — the joint venture (JV) between Bengaluru-based developer Embassy and US-based private equity group Blackstone — planning to file a draft red herring prospectus (DRHP) this month.

This will not only be the first REIT in the country, but is also likely to be the only one this year.

That does not mean interest for REITs has faded. Everyone is waiting and watching the first take-off before tapping the market themselves, a consultant dealing with REITs said.

Qatar Investment Authority-backed RMZ,