Embassy Office Parks REIT to invest Rs 1,500 cr to develop office spaces

Embassy Office Parks REIT has said that it will invest Rs 1,500 crore over the next two years to add 2.6 million square feet of commercial space to its already existing portfolio of 26 million square feet of operational office space.

This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses.

“The earliest delivery will come in June of 2022. Given our liquidity availability and balance sheet, we are going ahead with the development,” said Vikaash Khdloya, Deputy CEO at Embassy Office