Analysts see India's real estate investment trusts benefit from new SEZ rules

Embassy Office Parks REIT

08/12/2023 07:14

** Shares of Brookfield India Real Estate Trust REIT
 BROF.NS , Embassy Office Parks REIT  EMBA.NS  rise as much as
2.90% and 1.7%, respectively
    ** Morgan Stanley expects the two real estate investors to
benefit from government's decision to permit Special Economic
Zones (SEZ) to partially lease their space, through the Special
Economic Zones (Fifth Amendment) Rules, 2023, announced on Dec.
7
    ** Morgan Stanley estimates 80% chance of BROF, EMBA rising
more than the benchmark Nifty 50 index over the next 60 days
    ** Brokerage has "overweight" rating on both BROF and EMBA
    ** New rules likely to lead to increase in occupancy within
SEZ parks, and will be beneficial for commercial real estate
developers, investors, says JM Financial

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))