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Embassy Office Parks

Tax changes requested in REITs

Tax changes requested in REITs
Large FDI providers in real estate have approached the finance ministry seeking tax changes to the current framework for Indian real estate investment trusts (REITs). The recently unveiled structure reduces cash in the hands of shareholders by almost one-fifth compared to a listing in Singapore, they told the government officials in recent meetings. REITs allow [...] Continue Reading »

Blackstone-Embassy JV plans to invest 3 crores in office spaces in Bangalore, Pune and NCR

Blackstone-Embassy JV plans to invest 3 crores in office spaces in Bangalore, Pune and NCR
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »



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