Buy 2/3 BHK Flats in Delhi NCR

MUMBAI: India’s much-awaited maiden real estate investment trust (REIT) is set to debut almost four years after the rules were notified and efforts by the government over the past few years to put in place regulations on par with global standards. 
Embassy Office Parks, a joint venture of US private equity firm Blackstone Group and Embassy Group, is to file documents with. 
MAJORITY OF ASSETS STABLE 
Of this, an area of 24 million sq. ft. has been completed and has of 95% occupancy. The remainder is under construction. The company earns annual lease rentals of over Rs 2,000 crore from tenants including Google, JP Morgan, Microsoft, Cisco, IBM, Wells Fargo and Mercedes Benz. It counts more than 150 tenants, over half of which are Fortune 500 companies. 
Experts said the REIT would lead to further formalisation of Indian real estate as more.
The proposed REIT portfolio includes over 70 assets in Mumbai, Bengaluru, Pune and the National Capital Region. In addition, Blackstone has included its own commercial assets such as Express Tower in Nariman Point, part of the First International Financial Center in the Bandra-Kurla Complex and 247 Park at Vikhroli in Mumbai in the portfolio. In August, ET was first to report that Blackstone would expand the REIT portfolio by including its own assets in this issue. 

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