Realty firms may raise USD 25 bn in 3 years
   Date :10-Oct-2019
REAL estate developers may raise more than USD 25 billion over the next three years by listing their rent-yielding commercial properties through the Real Estate Investment Trusts (REITs) route, according to realty consultant Anarock. Earlier this year, global investment firm Blackstone and realty firm Embassy group launched India's first REIT to raise Rs 4,750 crore.
Their joint venture firm Embassy Office Parks listed its rental assets on the exchanges. Commercial REITs may raise over USD 25 billion for Indian real estate over next three years. This involves listing of more than 150 million sq ft of rent-yielding Grade A office properties across top seven cities - covering 25-30 per cent of the overall Grade A office space in these cities.