The first REIT by Embassy Group and Blackstone Group LP was launched in India in March this year, which raised Rs 4,750 crore
Bengaluru entered the list of top 10 cities that attracted maximum cross-border investments in Asia Pacific (APAC) for the first time as it receiving over $1.6 billion last fiscal, according to property consultant CBRE.
India was among the top five preferred markets in APAC with the launch of the first Real Estate Investment Trust (REIT) and the resulting improved market transparency, the consultant said in its Asia Pacific Investor Intention Survey 2019.
The first REIT by Embassy Group and Blackstone Group LP was launched in India in March this year, which raised Rs 4,750 crore. It is expected to catalyse investments in the country, CBRE said.
“Bengaluru featured as the first Indian city in the list of preferred investment destination on the basis of its growing reputation across the globe as the home base to several international corporates,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.
Source: Business Standard
