Budget tax proposal won't impact growth levers, upside potential intact: Vikaash Khdloya, CEO, Embassy REIT

"In effect, the new tax proposal impacts the distribution element of the REIT product by around 50-100 bps of the post-tax distribution yields, based on the investor category. It is important to note that REITs are a total return product, and the proposed tax changes do not impact the growth levers."

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