Embassy REIT: Is this “Blackstone” promoted REIT is real diamond?

@Investor_No_1 . Just a limited view. few aspects to keep in mind

1. Reits are a relatively new product/asset class in the Indian context. It continues to evolve as all stakeholders (sponsor, reit manager, sebi, investors etc) get comfortable with it
2. The regulations are itself evolving as sebi tweaks it to encourage more investor participation
3. The taxation rules continue to evolve as well
4. Indian reits except the recent nexus select are all office focused. The office space was hit by the double whammy of lockdown and interest rates. The US office market has faced similar challenges
5. US brought it’s first REIT regulation I think in the 1960s so over 40-50 years of fine-tuning

REITs are long term asset classes, it will take a while before they stabilize and attract a wider investor interest as more get listed from other categories too (e.g. warehouses etc)