All You Need To Know About REITs – Real Estate Investment Trusts In India
The listing of India’s first Real Estate Investment Trust (REITs) by Blackstone-backed Embassy Group may now be a reality and it is good news for the real estate sector that has been experiencing severe liquidity crunch. Currently, developers incur huge capital expenditure especially in Commercial Real Estate (CRE) on land, construction, interior fit-outs, etc. which remain locked, even after the asset is complete until it generates returns to break-even. REITs are investment vehicles that own, operate and manage a portfolio of income-generating properties for regular returns. REITS able properties in our country include commercial assets - primarily office spaces - that can…