Infrastructure Investment Trusts
The budget was a watershed for real estate. After years of regressive state and central regulations contributing to the stagnation of the sector, finally there was positive regulation in the form of real estate investment trusts (REITs) being opened up after almost six years since the first draft of the guidelines were released in 2008. [...] Continue Reading »
In its recently issued final guidelines for Real Estate Investment Trusts (REITs), the Securities and Exchange Board of India (Sebi) has pegged the minimum investment in REITs at Rs 2 lakh. The new guidelines imply that an investor with an amount of Rs 2 lakh to invest in the REITs will now be able to [...] Continue Reading »
The market regulator which is SEBI has sought the clarifications that are needed on the proposed Rs. 750-crore initial public offer (IPO) of construction major HCC’s realty arm Lavasa Corporation. Without disclosing the details of clarifications sought, SEBI has said that the clarifications are still awaited from lead manager for the proposed public issue. As [...] Continue Reading »
Property market experts have welcomed the Securities and Exchange Board of India’s (Sebi) green signal to set up real estate investment trusts (REITs). It will fund builders constructing commercial properties. The REITs being given a go ahead by Sebi will enhance the depth of the country’s commercial market which will offer financing as well as [...] Continue Reading »
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 [...] Continue Reading »
While some of the realty firms, backed by private equity (PE) support, gear up towards consolidating their rental portfolios and listing a real estate investment trust (REIT), top developers and real estate funds are cautious and measured in their plans. Even the full clarity on taxation issues for REIT listings is yet to emerge, developers [...] Continue Reading »
The India Inc may not readily jump onto the REITs/InvITs bandwagon and take up the role of sponsors of such trust vehicles with gusto. This is due to the fact that the sponsors will not get any long-term capital gains tax exemption when they decide to sell the units received by them from the REIT/InvIT [...] Continue Reading »
Firms create dedicated teams & hire experts to lead exploratory work for these trusts. The investment banks and law firms have created dedicated teams to lead their exploratory work on Real Estate Investment Trusts (REITs) as they seek to cash in on the growing appetite from real estate developers, big corporate and state-run banks to [...] Continue Reading »
Post the Modinomics wave, the ailing infrastructure sector is reviving. The infrastructure sector, which saw acquisition and fund-raising deals in the last three months after a three-year lull, is getting ready for a boost. It is poised for a flurry of deals that will revive stranded projects and help the sector to bounce back in 2015. [...] Continue Reading »
If you have an amount of Rs 2 lakh to invest, your bank may roll out a red carpet, your stockbroker may inundate you with hot tips and the friendly neighbourhood jeweller may even offer a discount on making charges. However, you will probably get laughed out of the estate agent’s office. Not anymore. With [...] Continue Reading »
