In India, REITs have proven popular with both institutional and retail investors. A total of four REITs were listed in the India market as of May 2023, comprising three office REITs and one retail REIT. The three office products have been in existence for more than two years, while the retail product was a new listing in May 2023, mentioned the report.
MSCI Global Standard Index rejig: Adds Ashok Leyland, Astral, Cummins, HDFC AMC, IDFC First Bank, PFC, REC and Supreme Ind thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Nexus Select Trust REIT: Nexus Select Trust achieved net operating income of Rs 389.70 crore and raised Rs 2,250 crore during the quarter at an average interest cost of 8.2% (vs 8.5% in projections) achieved interest savings of ~50 bps / ~Rs 11 crore per annum.
The Indian Real Estate Sector recorded robust private equity investment of $1.92 bn in Q2 2023, highlighting investor confidence in the market after a marginally subdued Q1. This is 63% higher than the previous quarter (Q1-23) and 60% higher than the same period last year, according to Cushman & Wakefields latest Investment report.
Anand Rathi has initiated the coverage on TD Power Systems with a 'Buy' rating. It has set a target of Rs 312 on the stock based on 31.4 times FY25 earnings.