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Some of the world’s biggest investors are snapping up office space in India with plans to turn them into real estate investment trusts, betting that demand will sustain and provide attractive yields in coming decades.
Brookfield Asset Management in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia’s No 3 economy. That’s the biggest real estate deal ever for India. Blackstone Group bought $1.2 billion of malls and other commercial properties from a local developer, set to further expand its 9.6 million square feet of fully-owned real estate assets in
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