Nuvama has reiterated its ‘Buy’ rating on Embassy Office Parks REIT, with a target price of Rs 485, citing sustained strength in office demand led by Global Capability Centres (GCCs) and a robust leasing outlook. The brokerage highlighted record office absorption, improving occupancy levels, and a combination of organic and inorganic growth drivers that are expected to deliver a sharp rise in net operating income over the medium term, even as the REIT explores acquisitions, debt optimisation, and sponsor-led restructuring.
