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The market regulator believes the modification will ensure continuous alignment of unit holders’ interest with the sponsors of the REITs and InvITs
Indian real estate has attracted over $2.6 billion during the first half of January-June and the momentum of investments inflow is expected to sustain and top $5 billion in 2023 led by office, warehousing and data center assets, experts said. Office properties at 68% accounted for the largest share out of all private equity investments worth $2.6 billion and this was followed by warehousing at 21% and residential at 11% share, said Knight Frank India.
"Indian economic growth in the last few quarters has been a strong reason for long-term confidence among global investors...Unlike other global gateway markets, India has consistently witnessed a steady growth momentum, which enhances investor confidence in the sector. Looking ahead, the office sector is expected to remain a favourite among investors, as it is likely to maintain its momentum in the short to mid-term," said Shishir Baijal, CMD, Knight Frank India.
The primary market in India has experienced a weak first half with only eight companies launching IPOs, leading to earnings of Rs 5,800 crore. This is an 85% YoY drop compared to the same period in 2018. Inflation uncertainty and high interest rates made investors wary in the opening months, but sentiment picked up towards the close of H1. Mankind Pharma raised Rs 4,300 crore in its IPO, which was the largest issue launched by a drug maker since Gland Pharma in 2017. Analysts predict the remainder of the year will fare better than H1.
ITC Hotels: Conglomerate looking at REITs, JVs, says Nomura report; industry sees it as a 'win-win' situation