REITs set to bolster investor confidence

At least five major real estate companies are reportedly eyeing a $10 billion fundraise via real estate investment trusts (REITs) over the next two years. According to a report, they include names such as RMZ Group, K Raheja Corp, Brookfield, Panchshil Realty and Godrej Properties. The Indian real estate sector is once again attracting investments, garnering close to Rs 8,000 crore in the last fortnight alone. The whopping amount includes deals such as Rs 3,200 croreQualified institutional placement (QIP) by DLF and India's first REIT by Blackstone Group and Embassy Group that raised Rs 4,750 crore. The maiden REIT listing shall further bolster investor confidence in the sector as it provides another exit option to private equity players, who have invested close to $53 billion since 2008 to Indian real estate, stated the report.