Asia saw the emergence of Real Estate Investment Trusts (REITs) as a collective investment vehicle for uncorking the market potential of real estate at the start of the 21st century. From there, it has taken India almost two decades to list its first REIT on the Indian bourses. It is an exciting time for the commercial real estate industry with the sector predicted to scale a higher growth trajectory given the fact that India’s per capita office space is far lower than that of the developed countries. Also, with the service sector playing a pivotal role in the exponential growth of the Indian economy, the demand for quality office space assets should continue to outpace supply.
Can the defence sector continue firing after 100% gains?
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