Embassy Office Parks REIT is planning to invest around Rs 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in office market despite global recessionary concerns.
The company has leased 3.4 million square feet of office space during April-September and already achieved 70 per cent of the full-year leasing target of 5 million square feet. The leasing, both fresh and renewals, has been done at a higher monthly rentals.
Embassy Office Parks REIT is India’s first publicly listed Real Estate Investment Trust.
