India’s commercial office sector has performed reasonably well in most property markets despite a sharp slowdown on the residential front.
Apart from primarily making equity investments in residential projects in the National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Pune, th
REITs will also give overseas investors a chance to invest in lease rental generating assets, an asset class otherwise prohibited for foreigners.
RMZ Corp. is set to acquire Essar Group’s Equinox Business Park, a 1.25 million sq. ft office space in Mumbai’s financial hub Bandra-Kurla Complex
In 2012, the PE firm invested around Rs.150 crore during the acquisition of 16 acres of land for the project.
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