Though India caught on to the Real Estate Investment Trust model late, successful listings have not only demonstrated investor appetite, but also paved way for many others to consider a new approach to commercial real estate

The net operating income for the third quarter increased by 3 per cent year-on-year to Rs 478 crore

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Brookfield India Real Estate Trust -The third REIT listing after Blackstone Group Inc backed Mindspace Business Parks REIT last year and Embassy Office Parks REIT in 2019, was subscribed nearly eight times the offer value.

The Rs 3,800 crore IPO of Brookfield REIT received bids for 1,15,12,600 shares against the issue size of 7,62,78,200 units, as per the exchange data

DLF's whole-time director Ashok Tyagi said the consultants have been appointed to restructure the business and be ready to launch the REIT whenever the two shareholders decide

The proceeds from the issue will be used for partial or full repayment of existing debt, the company said in its DHRP

Mumbai Metropolitan Region saw maximum yearly sales of 44,320 units, followed by Bengaluru with 24,910 units, although sales in both the regions declined over 40 per cent, compared to the last year's level

Embassy REIT is India's first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group

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Embassy REIT is the country's first listed REIT (Real Estate Investment Trust) and the largest in Asia by area

However, mutual funds' investment in infrastructure investment trusts (InvITs) dropped by 8 per cent to Rs 4,968 crore in the period under review

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The company, backed by the Blackstone Group and real estate developer K Raheja, saw a robust response to its Rs 4,500-crore initial public offering (IPO), with the issue getting subscribed nearly 13 times

The initial public offering (IPO) of Blackstone backed Mindspace Business Parks REIT has been subscribed 12.96 times on the third and last day of bidding

Mindspace Business Parks REIT, which is owned by K Raheja group and Blackston, has raised Rs 2,644 crore from anchor and strategic investors

This would be the second REIT to hit the IPO market after Embassy Office Park REIT that launched its Rs 4,750 crore IPO in March 2019