REITs

On February 10, 2022 Mindspace Business Parks REIT announced a 3.8 percent rise in quarterly and nine-month net operating income to Rs 371.5 crore for the quarter and nine months ended December 31, 2021.

According to informed sources, Embassy Office Parks REIT would invest close to Rs 900 crore to create nearly two million square feet of office space in Bengaluru's Embassy Tech Village. This development is being spearheaded by Embassy Office Parks REIT.

Embassy Office Parks REIT Acquires ROFO (Right of First Offer) For a Property in Chennai

The Embassy REIT Series IV NCDs 2021 are proposed to be listed on the wholesale debt market of the BSE. The tenure of the NCDs is five years with a coupon rate of 6.80% per annum.

The recently introduced Real Estate Regulatory Act or RERA has a mandate to bring about the much-needed transparency and accountability in India’s massive realty domain. The added transparency is also expected to boost the real estate industry’s stock