REIT
India is laying the groundwork in order to make the real estate investment trusts tax-exempt and allow them to trade on the public exchanges, a move that may help unlock as much as $20 billion of listings. Regulations on taxation will be also be amended, finance minister Arun Jaitley said on 10 July, and the [...] Continue Reading »
REITs are investment trusts that own and, in most cases, even operate income-producing real estate. The trusts operate like mutual funds and invest in income-generating real estate assets like commercial realty, residential property, warehouses, hospitals, hotels and shopping centres So, while mutual funds invest in equities or bonds, REITs invest in real estate and make [...] Continue Reading »
REITs were announced with a lot of pomp and show during the union budget presented by the Finance Minister Arun Jaitley on July 10. HDFC Chairman Deepak Parekh has urged the Finance Ministry to come up with more clarification on the taxation front for the REITs to be successful. Parekh termed the budget announcement on [...] Continue Reading »
The REIT (Real Estate Investment Trusts) norms will be more attractive now and the capital markets regulator SEBI (Securities and Exchange Board of India) has agreed to incorporate the industry suggestions. The minimum asset size will be reduced to Rs 500 crore, and foreign investors at IPO and later stages will be allowed. At the [...] Continue Reading »
REIT has not yet been a reality. The finance minister however has made a progressive announcement about the REITs or the Real Estate Investment Trust during his budget speech. He said that he believes in the work that still requires to be completed on the fine print and the state level issues that need to [...] Continue Reading »
Originally announced in the Fiscal Year of 2014, REITs (Real Estate Investment Trust) did not offer any tax sops to attract potential investors in the cash-strapped realty market. The BSE has now launched a 11-member advisory group on REITs, to engage long term funds from national and international investors. In order to popularise REITs, various [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
There is some true good news for the real estate industry and infrastructure industry as the government today proposed tax incentives for two new investment instruments -REITs and InvITs- . This is expected to attract long term funds from foreign and domestic investors, including the NRIs. The new investment products, Real Estate Investment Trusts (REITs) [...] Continue Reading »
Last year, SEBI announced the draft Real Estate Investment Trust (REIT) regime. The move was widely hailed by the beleaguered real estate industry as an advance in the right direction and a potential redeemer of the industry. However, the REIT regime is still to be effectively implemented because of a number of reasons; the [...] Continue Reading »
Top real estate developers are vouching for a huge investment of around $10 billion over the next couple of years, by bundling as much as 100 million sq ft of commercial property into REITs (Real Estate Investment Trusts). Looks like Blackstone, Panchsil, Embassy, K Raheja, RMZ, and DLF will kick start this trend, as they [...] Continue Reading »
