In the first 9 months of the current financial year, the net profit stood at Rs 1,522 crore, recording a growth of 7.5 percent year-on-year.
In March quarter, Mindspace Business Parks REIT posted a growth of nine percent in net operating income (NOI) at Rs 476.8 crore
There is significant headroom for volume growth in the medium term after a seven-year weak phase, the brokerage has said. It expects a 10 percent YoY growth in housing volumes during year
Embassy Office Parks REIT and Mindspace Business Parks REIT have underperformed Nifty Realty in the last two months when the central bank paused rate hikes.
Nexus Select Trust being a retail REIT, the upside to growth is high and the risk is low in the light of India being a booming consumption market
IIFL Securities has recommended the issue for investors seeking returns similar to debt asset class.