REITs

'Around 900 REIT-worthy assets ready for listing'

3:28 PM

'Around 900 REIT-worthy assets ready for listing'

About 900 REIT-worthy Grade A commercial assets equalling 280 million square feet are currently available across India’s key cities and awaiting deployment into India’s REIT market.
“Also, commercial real estate is perking up significantly in 2017 and we expect a net absorption of 34.3 million square feet this year on the back of returning IT/ITeS demand, as opposed to 33.4 million square feet in 2016,” said Ramesh Nair - CEO & Country Head, JLL India.
Releasing JLL’s report on ‘The Turning Point of India Real Estate: Decoding Opportunities, Trends and Insights to Maneuver the Curve Ahead’ at the 9th CII Realty Conclave 2017, Nair said Indeed, these are just glimpses of the radical positive changes currently influencing the Indian property industry – the sector is at the cusp of significant change in 2017.

Source :- The Hindu Business Line


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