Nexus Select Trust raises ₹1,000 cr via NCDs to refinance bank loans
The Blackstone-backed REIT intends to use debt capital to refinance bank loans at Special Purpose Vehicle level.
The Blackstone-backed REIT intends to use debt capital to refinance bank loans at Special Purpose Vehicle level.
The real estate investment trust to raise ₹3,200 crore via IPO, which comprises fresh issue of up to ₹1,400 crore and an offer for sale of up to ₹1,800 crore.
The REIT IPO comprises a primary issue of ₹1,600 crore and a secondary share sale of ₹2,400 crore by Blackstone and some other smaller holders.
A host of new-age instruments can come in handy for generating inflation-beating returns. Here are the pros and cons of each of these options.
Canada's Brookfield Asset Management, with real estate assets under management worth $6.6 billion in India, is expecting to shore up ₹3,800 crore from the public market by listing the Brookfield REIT.
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
India needs to develop professionals with advanced skills and enhance construction standards to ensure a robust real estate sector.