A Real Estate Investment Trust (REIT) is in the business of generating income through owning and leasing out real estate properties. Brookfield holds 14 million square feet of office parks located in Mumbai, Gurugram, Noida, and Kolkata. It is aiming to raise Rs. 3800 crores through the IPO – the offer comprises issue of fresh shares as well as an offer for sale by existing shareholders.

How do I apply for the Brookfield REIT IPO?

The UPI IPO method for applying is not yet available for REITs. You can log into your bank’s netbanking portal and use your BO ID to apply using netbanking ASBA. The application amount will be blocked in your bank account and will be deducted only if you receive allotment of the units which will be added to your demat account.

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