00:00Bhaarit ke reed bazaar ne eek badei chulang lagai hai.
00:03Marge 2026 tuk bhaarit ka reed market value 2026 ke anth ki tulna mein baasak fiesudhi bade chuka hai.
00:10Aur pahli bár bhaarit ne Hong Kong ko pichhe chhodkar Asia ka sabse bada reed bazaar ban ka dikhaya.
00:17Ab sawal yye hai ki ye growth aakhir kui kaisa aur kya ye growth sustainable hai?
00:22Sabse pahle to ye semajhe ki reed kya hai?
00:24Dekhiya simple shabdo me reed eek listed real estate fund hai.
00:28Jo bade office parks, mall ya commercial properties kharita ya bana ta hai.
00:33Aur kiraya ki 90 fiesudhi se zi zi zyadha income unit holders me baatta hai.
00:37Yarni aap chhoti rakam se grade A commercial real estate me hissedaar ban sakti hai.
00:42Bina property kharid e bina maintenance headache.
00:442019 mein embassy reed ke saat shuru hoa ye sefar.
00:482026 tak 6 listed reeds tuk pohunch gaya.
00:51In the first half of the year, the operating office read portfolio was 167 million square feet, which was the
01:02last year of 74% of the year.
01:04In some reports, the total portfolio was 214 million work foot and the total market value was 2,17,000
01:15crore.
01:15With worse, the quarter 1 is April-June 2026, the total of 3,136 crore distribution was 3,136 crore.
01:27The last year, the total total of 2 crore.
01:30The rental collection and cash flow both are in the same way.
01:34The question of which the total of 6 rates have been in the same place?
01:38The number of 6 rates have been in the same place and the Hong Kong market has been in the
01:43same place.
01:44Embassy Office Park Street is the first number.
01:47Office is 46 million square feet and the yield is 6.7%.
01:52The number of Minespace Business Park Street is the first number.
01:56Office is 33 million square feet and the yield is 7%.
02:00The number of Brookfield, India. Office is 28 million square feet.
02:05The yield is 7.4%.
02:08Nexus Select Trust, Retail Malls, 10 million square feet.
02:14Office Space is 17 malls included and the yield is 5.8%.
02:20Knowledge Reality Trust is the office.
02:23Blackstone Bank is the new listing.
02:26Bagman Prime Office Street is the Bengaluru-focused office.
02:30The new listing is the new listing.
02:33Now, if we talk about knowledge and bagman,
02:37if we talk about knowledge and bagman,
02:38both have about 53.7 million square feet new space.
02:43This is June 2025 to June 2026,
02:46which is the new edition of 3-4 high.
02:50Growth is not only the new listing.
02:52The actual engine is GCCs and MNCs.
02:55In Bangalore, Hyderabad, Chennai as well as markets,
02:59the REIT penetration is the highest.
03:02The big companies' global capability centers,
03:04or GCCs, are calling Grade-A office space.
03:08The result is 4 big office REITs.
03:11Embassy, Mind Space, Knowledge and Brookfield.
03:14Its occupancy is 90% and its target is 95% to reach.
03:20In Mumbai, its occupancy is 100%.
03:23In Bangalore, it was 95%.
03:25If you can see the big picture of Asia,
03:28in the 31st March of 2026,
03:31there were 289 active REITs products,
03:34whose combined market value
03:36was 279.4 Arab dollars.
03:40In 2014, it was more than 18%.
03:44Japan, Singapore, Hong Kong,
03:46has been growing in the mature markets.
03:50Japan has been growing 12%.
03:52Singapore has been growing 14%.
03:55Hong Kong has been growing 8%.
03:57Hong Kong has been growing 8%.
03:57That's where,
03:58China and China have a strong expansion.
04:01China and China have 79 public infrastructure REITs listed.
04:05And in 2025,
04:07the commercial real estate pilot program started,
04:11office, malls, hotels and assets
04:13also reached the radar of REITs.
04:15If you can see in India,
04:17if you can see in India,
04:19you can see the majorly office and retail
04:21focused on retail,
04:22while in China,
04:23the infras and commercial
04:24are scaled in two sectors.
04:27This is the asset class diversity
04:29in India and China.
04:31But in every bullish story,
04:33there is also a risk.
04:35The first risk is the risk.
04:37If the global or house is the risk,
04:39then the REIT valuation and the yield
04:41can be added.
04:43And the second risk is the
04:44office supply pipeline.
04:46If GCC hiring slow
04:48or the new supply has increased,
04:50then the vacancy risk will increase.
04:52The third risk is the new listing
04:54and after the OFS
04:55short-term volatility.
04:57In the Knowledge Reality Trust,
04:59the non-retail demand
05:01remains good.
05:01But the liquidity and lock-in
05:03is the price movement
05:04is the most important part.
05:06What do you want to see?
05:07What do you want to see?
05:08What do you want to see?
05:08What do you want to see?
05:09What do you want to see?
05:10What do you want to see in REITs?
05:12First,
05:13sectoral expansion.
05:14AI,
05:15because of the data center
05:16and infrastructure
05:16is increasing.
05:18In the next time,
05:18the data center
05:19of REITs can be strong.
05:21Hospitality,
05:22and warehousing
05:23or logistics
05:23of REITs
05:24is also working.
05:27The other thing
05:28that you can see
05:28is that
05:29M&A
05:30and new assets
05:31and acquisition.
05:33ReIT managers
05:34have a deal
05:35activity
05:35is going to be
05:36in the next time.
05:37The third thing
05:38is that
05:38not only portfolio size
05:40but
05:41income
05:42stability,
05:43operational efficiency,
05:45ESG performance
05:46and asset management
05:48capability
05:49price.
05:49in the next time
05:50in the next time.
05:50In the next time,
05:51the REITs
05:51are now
05:52institutional
05:52maturity
05:53where
05:53income
05:55has
05:55stability,
05:56occupancy
05:57and sponsor
05:57quality.
05:58In the next time,
06:00the REITs
06:02have more
06:03liquid,
06:04transparent
06:05and income
06:06focused
06:06exposure.
06:07But
06:08the risk profile
06:09and holding
06:10investing
06:10will be
06:11in the next time.
06:12Before
06:12the REITs
06:14we have
06:15compared to
06:15the numbers
06:16to compare
06:18because
06:18it was only
06:19educational purpose.
06:20Before
06:21investment
06:21financial
06:22advisor
06:23will
06:23started.
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