Indian REITs May Stretch Gains on Rate Cuts, Strong Leasing
Units of Indian real estate investment trusts are poised to extend gains on the back of falling interest rates and a buoyant commercial property market, analysts tracking the sector said.
Nexus Select Trust, Mindspace Business Parks REIT, Embassy Office Parks REIT and Brookfield India Real Estate Trust have returned as much as 27% over the last year, compared with a 9% drop in a NSE Nifty gauge of property developers.
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