I think based on Q2FY23 con calls of all REITS, things seem to be alright. EMBASSY have a guidance of 5msf of leasing for this qtr. They’ve actually managed to capture more than 60% of this already.
Other REITS also seem to be on track to meet guidance. We may be nearing the peak of interest rate hiking cycle. If interest rates peak out soon and rates start to fall, this would further add to the tailwind.
EMBASSY also said that a recessionary environment works in favor of India as offshoring work demand increases and MNCs get some of the best in class properties at less than a dollar psf.
Disclosure: I am also holding REITS and INVITS and I am adding with every fall. Near term price of REITS May see some pressure which may be a good opportunity to top up given that it gives a better yield.
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