Government would offer needed tax incentives
Post a month after Finance Minister Arun Jaitley in his budget speech 2014-15 announced that the government would provide the necessary tax incentives to Real Estate Investment Trusts (REITs), the board of the Securities and Exchange Board of India on Sunday cleared the final guidelines for setting up REITs and Infrastructure Investment Trusts (InvITs) and thereby laid the roadmap for introduction of a new investment avenue for investors in the Indian markets.
On Sunday by announcing the final guidelines Sebi set the ball rolling for product manufacturers to launch their product to be subscribed by investors with a minimum investment of Rs 2 lakh to own a piece of a high end real estate property.
While the concept of REITs been in existence in developed markets for several years now, it is a new concept in India and investors need to know what it is and how it works before they put in their hard-earned money to invest in them.
After the investors and developers are aware of the fact problems will not arise and people involved in this can work more smoothly without further hassle.
Source: Indian Express
guidelines for Real Estate Investment Trust, Infrastructure Investment Trusts, real estate investment trust, Real Estate Investment Trusts, SEBI Board, SEBI Chairman
