It’s been seven years since SEBI came up with the rules for REITs. Since then, the asset class has seen several changes in regulations. With businesses recovering from the shock of the pandemic, REITs are seeing strong demand for HNIs. But to make them a popular asset class like more developed markets, additional disclosures are necessary for investors.
In the summer of 2019, when Embassy Office Park became the first real estate investment trust (REIT) to be listed on the Indian stock exchanges, retail investors expected strong listing gains. While the issue was subscribed 2.15 times by qualified institutional investors, interest from the non-institutional category was strong with 3.1 times subscribed. However, retail investors were disappointed as the REIT was listed for Rs 308.
- gift articles
- font size
Exclusive Economic Times stories, editorials and expert opinion in 20+ regions
stock analysis. market research. industry trends 4000+ on stock
clean experience with
Comment and Engage With ET Prime Community
special invitation to Virtual events with industry leaders
a reliable team of journalist and analyst Which can best filter the signal from noise