How work from home policy will hit REITs
With demand for office and commercial spaces likely to reduce as companies consider permanent work from home, revenues for REITs may take a hit
The short-term outlook for REITs is not positive but experts don’t write them off in the long term
The price of India’s first real estate investment trust (REIT), Embassy Office Parks, has corrected around 30%, as on 14 July, since its peak in March despite the fact that the overall markets have seen a sharp recovery from March lows. The correction has wiped out most of its gains of the investors since its listing in April 2019. Currently, it is trading 12% above its issue price.