PropShare Platina IPO, India’s first SM REIT, oversubscribed by 1.19x

 04 Dec 2024 08:05 PM

PropShare Platina IPO, India's first SM REIT, was 1.19 times oversubscribed, raising over Rs 65 crore. The scheme invests in Prestige Tech Platina, a Bangalore office building leased to a US tech firm. Projected distribution yields range from 8.6% to 9.0% over the next few years, with waived management fees initially to attract investors.

UBS initiates coverage on realty stocks; sees 18-26% upside in DLF & Prestige Estate

 03 Dec 2024 10:38 AM

The real estate sector has been experiencing strong growth, as evidenced by the 40% surge in the BSE Realty Index over the past year and its 2% rise in November 2024, outperforming the Sensex. The Nifty Realty Index has gained 8% in FY25 YTD, surpassing broader market indices. Brokerage firms are increasingly covering the sector, fueled by sustained buying interest and large-scale upcoming projects valued at over INR 1.2 trillion.

Flex office segment on realty cos' radar as demand surges

 03 Dec 2024 12:07 AM

Property developers and institutional investors are increasing investments in managed office spaces due to rising corporate demand for flexible, scalable office solutions. Real estate firms like CapitaLand, Prestige, and Brigade Group are expanding in this sector. Managed offices attract corporates and global capability centres by offering reduced setup costs and quick market entry, aligning with modern workplace needs.

India's first SM REIT IPO from Property Share opens yoday. Check key dates, price band, subscription and other details

 02 Dec 2024 08:06 AM

India's first registered small and medium REIT, Property Share Investment Trust, opens for subscription today with plans to acquire Prestige Tech Platina. The offering, priced between Rs 10 lakh to Rs 10.5 lakh per unit, runs until December 4 and aims to provide investors with a projected FY26 distribution yield of 9%.

India's first SM REIT IPO from Property Share opens today. Check key dates, price band, subscription and other details

 02 Dec 2024 08:06 AM

India's first registered small and medium REIT, Property Share Investment Trust, opens for subscription today with plans to acquire Prestige Tech Platina. The offering, priced between Rs 10 lakh to Rs 10.5 lakh per unit, runs until December 4 and aims to provide investors with a projected FY26 distribution yield of 9%.