Embassy office REIT receives 4% hike.

By Abhay Harish Shah , Realty Quarter

The embassy office parks REIT got listed at Rs 300 on BSE (which is same as issue price) on Monday, 1st April 2019.

Due to its demand, the stock jumped by 4.45% and got closed at Rs 313.35 with respect to its issue price.

It is clear that the system of Real Estate Investment Trust has brought a delighting presence in Real Estate sector. History says the first ever issued by a real estate investment trust was subscribed 2.58 times last month.

Real Estate Investment Trust (REIT) can be said a company who owns or finance income-producing Real-estate in a variety of property sector. There are many requirements to become a qualified REIT company. Most REIT companies trade on stock exchanges and, they provide many benefits to their investors.

Real Estate Investment Trust (REIT), helps an investor to invest in real estate which is been already approved by the Security and Exchange Board of India (SEBI). REIT is been developed by considering all types of investor, that means a small amount of investment is also allowed to be done by an individual.

As of March 31, 2018, around 81.4%t of the gross rentals from their 160 occupant base is contracted with worldwide partnerships and around 43.8% is contracted with Fortune 500 organizations, like JPMorgan, Google and Microsoft.

In the beginning itself, the REIT had raised Rs 1,743 crore from grapple financial specialists, including a large group of remote speculators, for example, Fidelity, Schroders, TT Avica, Prusik and others. Kotak Mahindra Life Insurance Co was one of the local financial specialists close by trusts connected to Radhakishan Damani and Gopikishan Damani.