The Jhunjhunwala family anticipates significant gains from their investment in Knowledge Realty Trust REIT. Their Rs 195 crore investment is projected to yield Rs 13.65 crore in FY27. This return surpasses current fixed deposit rates, highlighting REITs’ appeal. The REIT IPO witnessed strong investor interest, being oversubscribed. Proceeds will be used for debt repayment and corporate purposes.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets