In a statement, Nexus Select Trust said it has achieved net operating income (NOI) of Rs 418.5 crore in the October-December quarter of this fiscal, up 14 per cent from the year-ago period.
"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.
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.
Nexus Select Trust REIT's IPO has received a strong response during the three-day bidding process for the issue, which was overall subscribed 5.45 times.