BENGALURU : Leading commercial property developers in India such as DLF Ltd, Prestige Group, Embassy Group, RMZ Corp., K Raheja Corp. are looking to raise funds to expand their portfolio, pare debt and monetize their assets at a time of high institutional investor interest in office projects. “Our office portfolio is expanding and we have around 12 million sq ft of office space under construction and a similar amount in planning stage. Most office developers are investing to bolster their portfolios and are also looking to monetize their holdings to extract the maximum value. Shobhit Agarwal, managing director and chief executive, Anarock Capital, said there is strong investor interest to deploy equity in not just office assets but also rent-generating assets in retail and warehousing. “...Values (of office assets) can only go up.

Source: Mint November 17, 2019 17:37 UTC