Tag: REIT

IndustryLatest Stories

Sebi Reclassifies REITs as Equity to Enhance Market Participation

NEW DELHI: The market regulator, Sebi, announced on Friday that Real Estate Investment Trusts (REITs) will now be classified as equity-related instruments to encourage greater involvement from mutual funds and specialized investment funds (SIFs). Additionally, the classification of Infrastructure Investment Trusts (InvITs) will remain as hybrid instruments. Sebi stated in its circular, “Effective January 1, 2026, any investment by mutual funds and SIFs in REITs will be classified as an investment in equity-related instruments.” Investments in REITs from existing debt schemes and SIF strategies as of December 31, 2025, will be grandfathered. However, asset management companies (AMCs) are encouraged to…

CommercialLatest Stories

Knowledge Realty Trust’s NOI Rises 20% in H1 FY26

NEW DELHI: Knowledge Realty Trust has reported a 20% year-on-year increase in net operating income (NOI), reaching ₹19,544 million for H1 FY26, with NOI margins at 89%. In Q2 FY26, the company recorded a revenue of ₹11,238 million and an NOI of ₹9,881 million. A distribution of ₹6,900 million, or ₹1.56 per unit, was also announced. The firm successfully raised ₹16,000 million through AAA-rated listed non-convertible debentures (NCDs) with a 7.2% coupon rate. The company noted, “Debt refinancing, rate reductions, and low-cost NCDs have contributed to a reduced interest cost of 7.4% per annum, achieving annual savings of 120 basis…

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Embassy REIT Q2 FY26 Net Operating Income Up 15%

NEW DELHI: Embassy Office Parks REIT announced a 15% rise in its net operating income (NOI), reaching ₹927 crore for the second quarter of this fiscal year. The company’s revenue from operations increased by 13% year-on-year, totaling ₹1,124 crore for the July-September quarter, as per a regulatory filing. The Board of Directors of Embassy Office Parks Management Services Pvt Ltd declared a distribution of ₹617 crore, or ₹6.51 per unit, to unitholders for the second quarter of this fiscal year. The record date for this distribution is November 8, 2025, with payments scheduled on or before November 14, 2025. In…

CommercialLatest Stories

Brookfield India REIT to Buy 7.7M sq ft Park for ₹13,000 Crore

NEW DELHI: Brookfield India Real Estate Trust (BIRET) announced plans on Tuesday to acquire 7.7 million sq ft of commercial properties in Bengaluru for Rs 13,125 crore as part of its business expansion. The acquisition will be treated as a related party transaction and is expected to be conducted at arm’s length, as stated by the company. In its regulatory filing, BIRET disclosed that the Board of Directors of Brookprop Management Services Pvt Ltd, the trust’s manager, approved the acquisition of up to 100% of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd for…

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Indian Real Estate Hits $2.9B with 42 Transactions in Q3

India’s real estate sector is undergoing significant institutionalisation, with a surge in participation from investors, developers, and funds. This trend culminated in a record September quarter, marked by the highest-ever quarterly deal volume and value. Increased interest from domestic and global institutions, exemplified by a series of large mergers, acquisitions, and listings, underscores a growing confidence in the sector’s stability and earnings potential. According to Grant Thornton Bharat, the sector achieved a remarkable 42 transactions valued at $2.9 billion during the quarter, representing the highest quarterly deal volume to date. This included nine public market transactions: five initial public offerings…

IndustryLatest Stories

Mindspace REIT Plans 7-8 Million Sq Ft Expansion in 4 Years

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has shown remarkable operational performance with an occupancy rate nearing 94% as of the last quarter report. The REIT’s existing portfolio encompasses 30 million sq ft of completed space, alongside an additional 7-8 million sq ft currently under construction, expected to be finalized in the next two to four years, raising the total planned portfolio to around 38 million sq ft. The company maintains a steady loan-to-value (LTV) ratio between 25% and 26%, feeling secure up to 35% before considering capital expansion. Additionally, it has consistently secured a solid 20% re-leasing spread…

CommercialLatest Stories

REITs in India’s office market could reach 30% by 2030: Colliers

NEW DELHI: According to Colliers India, the penetration of Real Estate Investment Trusts (REITs) in India’s office segment could rise from the current 16% to 25–30% by 2030. The report reveals that about 500 million sq ft (msf) of office assets in the country are suitable for REIT listing. Currently, 133 msf have been included under four operational office REITs, with an additional 371 msf of Grade A office space identified for potential future listings. Big Opportunities in SBDs The report underscores significant potential for REIT expansion, noting that 371 msf of Grade A office assets—46% of the current stock—could…

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Units of Knowledge Realty Trust Close with Over 6% Premium

NEW DELHI: Units of Knowledge Realty Trust, backed by Sattva Group and Blackstone, closed with a premium exceeding 6% on Monday from the issue price of ₹100 per unit. The unit debuted at ₹104, showing a 4% rise from the issue price on the BSE. Throughout the day, it peaked at ₹109.14, realizing a 9.14% increase. Ultimately, the unit finished at ₹106.15, a rise of 6.15%. On the NSE, the listing commenced at ₹103, reflecting a 3% premium. It eventually stabilized at ₹106.24 per unit, marking a 6.24% increase. The company’s total market valuation is approximately ₹47,071.15 crore. The ₹4,800-crore…

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Sebi aims to expand strategic investor definition for REITs, InvITs

NEW DELHI: On Friday, Sebi suggested expanding the definition of ‘strategic investor’ in the REIT and InvIT regulations to include Qualified Institutional Buyers (QIBs) and specific categories of Foreign Portfolio Investors (FPIs) to attract more institutional investments. In a consultation paper, Sebi pointed out that the existing definition is overly restrictive, excluding significant institutional investors like pension funds, provident funds, and insurance funds. These entities are active in the REIT and InvIT sectors due to their preference for long-term, stable income-generating investments, but they are currently ineligible for classification as strategic investors. Sebi proposed that the definition be revised to…

IndustryLatest Stories

Knowledge Realty Trust’s ₹4,800 Cr IPO Launching August 5, 2025

NEW DELHI: Knowledge Realty Trust REIT has set the price range for its issue between ₹95 and ₹100 per unit. The bidding process opens on August 5, 2025, and concludes on August 7, 2025. The minimum bid size is ₹15,000, which translates to a minimum of 150 units, with additional bids made in multiples of 150 units for all bidders except anchor and strategic investors. This offering includes a fresh issuance of units totaling up to ₹4,800 crore by Knowledge Realty Trust. A maximum of 75% of the issue (excluding the Strategic Investor portion) will be allocated proportionately to institutional…