What to watch. Embassy REIT – Will others follow suit?

Real estate stocks such as DLF, Oberoi Realty, Godrej Properties and Sobha may remain in focus, as the Bengaluru-based Embassy Property Developments Pvt Ltd, plans to raise ₹4,750 crore from an initial public offering that opens on March 18. The price band for the Embassy Office Parks REIT IPO is ₹299-300 apiece. If the IPO turns successful, market participants expect other realty companies facing huge debt to also raise funds through the REIT route.