Brookfield India Real Estate Trust reports 89% growth in net operating income to ₹453.4 crore and declares distribution of ₹208.56 crore for December quarter.
With interest rates at peak and most likely to head lower from here, REITs are expected to do better. Experts say the quality and diversification of assets, the profile of the rental occupiers and the developer portfolio are key points to watch out for before investing in Indian REITs.
"The Indian REITs Association welcomes this positive development on the SEZ amendment. The growth of Grade A commercial office spaces rests on the demand the industry is witnessing from Global Captive Centres and domestic businesses, and this move is expected to boost demand," said founding members jointly.
Vacancies of office space in IT-SEZs to reduce from govt's move to amend SEZ rules: REITs players devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Around 37% of the office space was leased to Global Capability Centers (GCCs). The robust demand for office spaces and resultant leasing momentum, especially to set up GCCs has been driving the performance of commercial real estate across Indias key property markets.