Vikas Rikhye

Vikas Rikhye,Real Estate Blogger

It is observed that Singapore based companies & investors from Singapore are taking a great interest in investing in Real estate in India, as recently a Singapore based developer Ascendas, raised a REIT( Real Estate investment Trust) of about $500 million to invest in India in real-estate market.

It is understood from sources that while DLF, the country’s largest real-estate company is awaiting regulatory approvals to raise over $2-25 billion from Singapore market, for listing its subsidiary DLF office trust , Unitech has already got regulatory approval to raise $700 million (approximately Rupees 2800 crore) through a public offer in Singapore Stock Exchange,The company shall list its subsidiary in Singapore as Unitech Office Trust (UOT) A Real Estate investment Trust (REIT).The sources add that Unitech Limited has appointed Deutsche Bank, JP Morgan & UBS as bankers.

Unitech Limited is already being one of ‘Leaders’ in Indian real estate market has invested in Real estate development project like, Housing, Hospitality, Commercial properties, Education, , IT Parks ,Infrastructure related projects etc.

It seems that now, Unitech Singapore REIT shall acquire initially, SEZ & IT Projects of the company in India which are under construction & shall also review the new commercial projects before construction.. with a strategy of monetizing its stake in most professional method.

One also understands that “REIT in Real estate seems quite similar to “REMF” Real-estate mutual funds which are keenly awaited by Indian Investors.