Embassy Office Parks has come up with a Real Estate Investment Trust (REIT). The REIT IPO is first of its kind in India if it goes through successfully. Embassy is planning to raise Rs 4,750 Cr through this IPO. The REIT is for 33 million square feet of office space developed by Embassy group yielding a rental income of Rs 1,500 Cr annually as of Mar-18. What is an REIT ? REIT is an entity that owns, operates, develops and manages real estate assets on behalf of the investors. Its more of like a mutual fund, where in . . .