May consider launching REIT in 6-12 months: Niranj..

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May consider launching REIT in 6-12 months: Niranjan Hiranandani

Niranjan Hiranandani, co-founder and managing director (MD) of the eponymous Hiranandani Group, is considering the launch of an office real estate investment trust (REIT). He said investors have shown keen interest in Yotta, the group's pure-play data centre arm.

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May consider launching REIT in 6-12 months, data centre business growing very fast: Niranjan Hiranandani

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May consider launching REIT in 6-12 months, data centre business growing very fast: Niranjan Hiranandani

Investors' interest is also strong in Yotta, the group's pure-play data centre arm. Revenue from Yotta is slated to equal or exceed that of the group's residential business over the next few years, according to Niranjan Hiranandani.

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