11 May 2021 06:38 am
Prime Lands Residencies, the condominium property arm of Prime Group, opens its Initial Public Offering today.
The highly awaited IPO will enable investors to indulge in a plethora of benefits by investing in the real estate sector, a market considered to be a secure and highly lucrative investment even during these testing times.
The IPO is being offered at a 40 percent discount, allowing investors to reap a significant capital gain. The company has also indicated that investors are eligible to avail a significant dividend payout of 40 percent from the profits of the financial year, ending 31st March 2021.
The company further believes that this IPO is expected to ensure that Prime Lands Residencies Limited and the Prime Group continue to expand boundaries, with a determination to provide the highest value to all of their stakeholders.
Because of historically low-interest rates, real estate is now more affordable than it has ever been, hence this is an excellent opportunity for the real estate industry to thrive once again.