Rajeev Talwar, chief executive officer (CEO), DLF Ltd mentioned that DLF would be ready with a special purpose vehicle (SPV) in the next six months. They have signed non-disclosure agreements with 25 global investors. He expects DLF to be the first one to crack REITs.
DLF is gearing up to launch REITs worth Rs. 6,000 crore in two tranches over the next two years.
Notably, REITs or Real Estate Investment Trusts are listed entities that largely invest in leased office and retail assets. This allows developers to raise funds by selling completed buildings to investors and listing them on stock exchanges as trust. Investors earn ROI either through value appreciation or rental income generated from commercial assets.
