Not REITs to riches for investors as the near-term headwinds blow

Budget proposals, delayed DESH Bill, hiring slowdown, and rising interest rates present a wall of short-term worry

Ram Prasad Sahu
Last Updated at February 20, 2023 06:30 IST

Illustration: Ajay Mohanty

The stocks of listed real estate investment trusts (REITs) are down 9-12 per cent from their peak in January to their low earlier this month. In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term.

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