REITS
Reports received from a senior executive of the Securities and Exchange Board of India (SEBI) revealed that a greater deal of transparency will be ushered in by the Real Estate Investment Trusts with the objective of attracting more global funds. Several norms for the listing of business trust structures, REITs and Infrastructure Investment Trust were [...] Continue Reading »
The Real Estate Investment Trusts will be helping to attract more funds into the realty sector and there is no need to provide more tax concessions for it. One of the senior government officials made this statement yesterday. REITs and Infrastructure Investment Trusts (InvITs) are being expected to bring in more global investment and also [...] Continue Reading »
With new instruments like real estate and infrastructure investment trusts coming up, the Pension Fund Regulatory and Development Authority (PFRDA) has set up a panel of experts, headed by former Sebi chief GN Bajpai, to review investment norms for National Pension System (NPS) schemes for the private sector. PFRDA chairman RV Verma said that the [...] Continue Reading »
When the Finance Minister Arun Jaitley presented his maiden budget on July 10 this year, there was a lot of expectation in the real estate and infrastructure sector as they were hoping that the new government will take measures to give a boost to these ailing sectors. This year’s budget saw the amendments enacted in [...] Continue Reading »
Large FDI providers in real estate have approached the finance ministry seeking tax changes to the current framework for Indian real estate investment trusts (REITs). The recently unveiled structure reduces cash in the hands of shareholders by almost one-fifth compared to a listing in Singapore, they told the government officials in recent meetings. REITs allow [...] Continue Reading »
The Finance Minister Arun Jaitley was addressing the crowd at a realtors conclave organised by the National Real Estate Development Council in Mumbai on Wednesday. He mentioned in that conclave that his ministry will take into consideration all the possible steps to fulfil the agenda of the PM Narendra Modi’s plan to ensure housing for all [...] Continue Reading »
Prestige Estates Projects Ltd now is the second largest real estate developer by market capitalization after DLF Ltd and they have great expansion plans. They are considering expanding beyond southern India. Post the budget which was unveiled by the Finance Minister Arun Jaitley, the real estate sector is showing a lot of activities. There is a [...] Continue Reading »
The finance minister had outlined the tax treatment for real estate investment trusts (REITs) in his Budget speech. Sebi, the markets regulator, had proposed draft regulations, which have now been approved by the government. A REIT is to be set up as a business trust and its units are to be mandatorily listed on the [...] 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 »
REITs are not exactly the real estate equivalent of equity mutual funds. Dhirendra Kumar explains what they are and why they hold the promise of a regular, inflation-adjusted income. After being discussed for a few years, Real Estate Investment Trusts (REITs) are finally getting off the ground. In this year’s Budget, Finance Minister Arun Jaitley [...] Continue Reading »
