Event On REITs, InvITs Awareness Conducted
Ankit Gupta, president, Brookfield Properties; Rajesh Deo, CFO, Nexus Select Trust; Vinay Sekar, CEO, Cube Highways InvIT; and Sujaya Moghepadhye, Head-Capital Markets, Anzen India Energy Yield Plus Trust, during the awareness programme, in Hyderabad on Wednesday
Hyderabad: Trade body, Indian Real Estate Investment Trusts (REITs) Association and Bharat Infrastructure Investment Trusts (InvITs) Association jointly hosted their first product awareness programme in Hyderabad on Wednesday, to educate investors, promote the adoption of REITs and InvITs, strengthen the operating and regulatory environment, and deepen capital markets.
Indian REITs manage gross assets worth over Rs 1.50 lakh crore, with a market capitalisation exceeding Rs 95,000 crore, as of November 1, 2024. The four publicly listed REITs present in India are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
In the first half of FY2024–25, the four REITs have collectively distributed Rs 2,754 crore, a 14 per cent increase from Rs 2,417 crore in H1, FY’24. Speaking at the event, the Indian REITs Association said, “REITs are required to distribute at least 90 per cent of their net distributable cash flows to unitholders on a half-yearly basis, ensuring regular income.
