Blackstone-Embassy REIT game changer for India's real estate sector2 min read . Updated: 18 Mar 2019, 09:14 AM IST
- Embassy Office Parks REIT would be India’s first real estate investment trust
- It plans to raise ₹4,750 crore (including the anchor allocation) from its 18-20 March IPO
Bengaluru/Mumbai: The initial public offering (IPO) of Blackstone Group Lp-sponsored Embassy Office Parks real estate investment trust (REIT) opens on Monday, in a game changer for India’s real estate sector and a leap forward for the New York-based investor which opened its India real estate division in 2007.
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