Brookfield's proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India's office market, according to realty experts.
In a circular, Sebi said units of InvITs and REITs meeting certain conditions may be permitted to list on stock exchanges operating in the IFSC
Global rivals go for joint ventures, plan to list investments by next year.
Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects
The participation of retail investors will also increase in future REITs, enabling them to earn dividend income from fully leased and listed commercial real estate
Mindspace REIT has already allotted units worth Rs 2,644 crore to anchor investors
The price band for the REIT offering is Rs 274-Rs 275 per unit
The near-term outlook is uncertain and may weigh on its rental portfolio
The IPO will open on July 27 and close two days later.
The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining
Partial stake sale by sponsor Blackstone has hit sentiment
Wadhwa group, one of the largest owners of office property in the BKC area, plans to float a REIT after onboarding an investor
In a circular, the regulator has specified manner of issuance of units under preferential issue as well as institutional placement by listed REIT and InvIT and lock-in period
India can raise $25 billion through REITs over the next three years listing around 150 million square feet of rent-yielding office properties, according to Anarock
Singapore is Asia's REIT capital, which means there's no dearth of well-managed investment vehicles
The money paid to unitholders can be in the form of dividend, interest income or rental income
Experts said the positive listing would help in opening of a new fundraising avenue
The JV company Embassy Office Parks' plan to submit application for REIT was delayed as George was undecided on bringing his share in Embassy Golf Links
DLF, Prestige have the largest commercial portfolios among listed entities but no immediate gains
Draft prospectus to be filed next week; second trust, with Panchshil, in a few months