The joint venture has the option to raise a further 25 per cent from the offer. However, not a single REIT could be launched so far. Investors in REIT earn from both dividend (from the rent collected) and wealth accumulation (capital appreciation of the underlying property) from the asset. Credit rating agency Icra on Monday said it has assigned the rating of Provisional AAA with a stable outlook to the REIT. Shubham Jain, group head at Icra, said it drew strength from the large and diversified leasing portfolio of Embassy REIT, which is spread across multiple office parks in different cities.

Source: The Telegraph September 26, 2018 20:45 UTC