The trusts are required to distribute a minimum of 90 percent of the NDCFs at the level of the trusts and at the level of the HoldCo/SPVs. The revised framework for both InvITs and REITs will become applicable from April 1, 2024
A REIT invests your money in real-estate and is designed to earn you a regular yield in the form of dividend or interest. The US and Singapore offer the most choice in REITs. India has mutual funds that offer you a slice of global REITs, but there’s a reason why returns have been subdued so far.
Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher.
While there may not be any new REIT launches in FY22, existing REITs will continue to perform well.
According to sources, the proposals include reducing the holding period for long term capital gains, allowing banks to lend to REITs and relaxing conditions for investment in debt securities of trusts.
While REIT would help developers unlock value from their leased out assets, it would also provide a much-needed entry and exit vehicle for the global institutional investors.
The move comes after Sebi in its board meeting last month permitted mutual funds to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near-term, given the interest shown by certain players in the infra and real estate space, according to a report.
Putting in place a few more disclosure norms for real estate investment trusts (REITs), Sebi today asked such entities to inform stock exchanges about actual utilisation of the funds raised.
Putting in place disclosure norms for real estate investment trusts (REITs), Sebi today said the offer document will contain financial information, related party transactions and past performances.
To facilitate growth of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), the board of Sebi had approved relaxations to existing norms in September after extensive public consultations.
SEBI‘s norms to allow setting up of real estate investment trusts which were announced three years ago are yet to find any takers. While SEBI and the government are trying to do all they can to spark some excitement around REITS, the efforts don't seem to be yielding desired results, report CNBC-TV18‘s Kevin Lee and Kritika Saxena.
Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, property consultant CBRE said on June 23
Real Estate Investment Trusts (REITs) could become a reality now and the first listing is expected in the next 12 months after markets regulator SEBI on June 17 eased norms to attract realtors and investors, according to property consultants
To deepen Indian capital markets, regulator Sebi has lined up wide-ranging relaxations to its norms for REITs while an easier set of compliance rules is in the works for foreign fund managers keen to relocate to India.
The much-awaited Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) are likely to be launched in the country next year, says a study
The challenge with real estate investment trusts (REITs) in India, at the moment, is that legislation, especially taxation, needs to be thought through a little more," says Sid Yog, founder of Xander group
Nearly 80-100 million sqft of commercial space worth USD 15-20 billion are eligible for Real Estate Investment Trusts (REITs) in the next 2-3 years, a recent survey said.
This is DLF's first capital market issuance after the Securities Appellate Tribunal (SAT) in March quashed a three-year ban imposed on the company by the Securities and Exchange Board of India (Sebi).
With the Reserve Bank warning of a Rs 53,000 crore loss to the banks on account of exposure to the power discoms, Union Minister of State for Finance Jayant Sinha today said the government is working on solutions to solve the problem.
According to Dun & Bradstreet, the partial unclogging of domestic policy logjam, focus on public investments in infrastructure, fall in food inflation and lower fuel prices along with improving income growth is likely strengthen aggregate demand.
It took the securities market regulator 6 years to frame regulations for real estate investment trusts or REIT's. Yet over a year on since the rules were announced, little has moved on ground.
"We have a total of Rs 14,000-15,000 crore stocks. Out of this, Rs 4,000 crore is in finished projects and more than Rs 10,000 crore is unsold stocks in projects which are launched and are under development," DLF Chief Financial Officer (CFO) Ashok Tyagi told PTI.
"A step was taken in the last Budget to encourage Real Estate Investment Trusts (REITs) and Infrastructure Investments Trusts (INViTs) by providing partial pass through to them," Jaitley said in his Budget speech.
Singapore's Ascendas India Trust will invest Rs 600 crore over two years in Indian real estate company Paranjape Schemes (Construction) Ltd, the property developer said on Wednesday.