MAKING OF REIT

The Embassy-Blackstone JV will file its draft prospectus for REIT next month

It will be the country's first REIT ; expected to raise $ 1 billion from investors. The JV has a portfolio of 23 mn sq ft and has a potential to develop another 10 million sq ft Has properties such as Embassy Golf Links, Embassy Manyata Tech park, Embassy Tech Village In July 2017, Embassy REIT was registered with Sebi