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Mindspace Business Parks REIT IPO: Should you invest?

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K Raheja Corp, a developer of residential and commercial complexes has come out with an Initial Public Offering for its REIT (Real Estate Investment Trust) called the Mindspace Business Parks REIT. This is only the second REIT to be listed in India, the first, by the Bengaluru-based Embassy Group, came out over two years ago. Embassy REIT- Worth it?

Short Answer: Mindspace Business Parks REIT has a strong portfolio of office spaces with marquee clients. However, at the offer price and recent . . .

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