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.

Vikas Rikhye,Real Estate Blogger

As we are aware that quite a few real estate companies had launched their IPOs in 2007,but major share of the cake was taken by DLF ,who bagged over Rupees 9000 crores.

Now it seems to be turn of Emaar MGF Land, a JV between one of the world’s largest Dubai based real estate group & MGF Group from India.

It is understood that The Motor & Finance Limited (MGF) one of the oldest finance company of India was incorporated in 1930 under the leadership of Shri Ved Prakash Gupta, the founder chairman of the company and under his guidance MGF became a leading Finance company of the country.

While Emaar Properties, Dubai - based Public Joint stock enjoys the reputation of a very successful track record of growth. Emaar Properties had been the Recipient of Best Developer” award in the year2006 in UAE for 2nd consecutive year.

With joining hands together Emaar MGF have acquired land bank of over 12400 acres,Spread over 22cities in 16 states of India. The company is developing properties in Residential, Commercial & Hospitality sectors across India. They have their ongoing commercial projects in over eight major cities in India.In near future, they have identified to get into Healthcare , Education & Infrastructure project as well.

It is understood that Emaar MGF has got the approval from ” Securities and Exchange Board of India” (SEBI) to launch its Initial Public Offering (IPO) This IPO seems to be the 2nd largest IPO in the country as it is expected to raise over 6000 crores. With offloading over Ten crore shares in the market & the share price is expected to be between Rupees 500-600 per share.

Emaar-MGF after bringing largest FDI in Real estate and now with this IPO makes it one of the strongest Real estate companies in India.