Indiabulls, a brokerage to start and now a mega realty giant is unlocking value once again and this time around its going to Singapore for fund raising. Indiabulls Real Estate is looking to list in Singapore via REITS. The listing will involve only its Central Mumbai office properties. With a gain of nearly 80 per cent in a year the experts too are bullish on the stock.
REITs, a prevalent global investment product for real estate companies is beginning to take shape in India with Indian realty majors like DLF & Lanco too eyeing the product as a future bet. And the market regulators'' positive attitude too augurs well for intoduction of REITS in India. Real estate investment trusts or REITS have become a popular tool with companies eyeing higher-yielding investments as direct investment in real estate is otherwise not that liquid and with SEBI considering permitting REITs in India, it could open up a whole new avenue for unlocking asset value for Indian realtors.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment