REIT News

The new framework, aimed at further streamlining the process, will be applicable to public issue of units of Infrastructure Investment Trust (InvIT) and real estate investment trust (REIT), which opens from August 1, the Securities and Exchange Board of India (Sebi) said in two separate circulars.

India was among the top five preferred markets in APAC with the launch of the first Real Estate Investment Trust (REIT) and the resulting improved market transparency, the consultant said in its Asia Pacific Investor Intention Survey 2019.

Embassy Office Parks, joint venture of Blackstone and Embassy, has entered into unit subscription agreements with strategic investors to allot them 2,92,08,800 units for Rs 876.3 crore.

Before exploring the reasons to invest in REITs, let us first understand the basics of REIT and its types.

This amendment would also lead to tax efficiencies as the InvITs/REITs can now issue bonds at a lower cost and lend to SPVs with some margins.

Sebi's board has approved amendment to REITs and InvITs regulations in order to facilitate growth of such trusts, the regulator said in a statement after its board meeting.

Mutual fund houses plan to come up with special schemes focused on the housing sector that is expecting a big boost from the Centre's 'Housing for All by 2022' mission.

Pension fund managers will now have more investment options, with InvITs finally becoming a reality after two years and REITs in the offing.

Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to ease the compliance requirements for the investment vehicle.

The RBI policy to keep the repo rate on hold was on expected lines, even though the reverse repo rate was hiked to six percent.

The Centre will notify the rules of the Real Estate Act soon, moving another step toward operationalising the legislation which seeks to regulate the housing sector, bring transparency and help protect consumer interests.

 Private equity inflows in realty sector rose by 33 percent to Rs 5,193 crore in the first half of 2016 on improved investment climate following reforms like real estate regulatory law, ease in FDI rules and introduction of REITs, according to property consultant JLL.

Housing sales fell 2.2 percent to 1.58 lakh units in seven major cities last fiscal, but the market is expected to improve by next March on the back of lower interest rates and fall in prices, says a report.

Pitching for new products to attract more investors to stock markets, leading exchange NSE has said there is a need for tailor-made instruments for different kinds of people and 'one vanila' cannot serve all

As per a KPMG survey, around 80-100 million square feet of commercial space worth USD 15-20 billion would be eligible for Real Estate Investment Trusts in the next 2-3 years.

India's largest realty firm DLF is likely to raise about Rs 3,600 crore this quarter through the issue of securities, backed by its IT-SEZ, as part of strategy to replace costlier debt.

The government Thursday said minimum alternate tax would be applicable on the real estate and infrastructure investment trusts only when there is actual transfer of their units.

To ensure success of newly created REIT (Real Estate Investment Trust) structure, property developers and consultants have sought more tax incentives in the upcoming union budget on investments through this route.

The real estate investment trusts will be a "booster rocket" for investments coming into the country and realty players are awaiting more clarity on the proposed new instrument, according to JLL India's Chairman and Country Head Anuj Hari.

When it comes to flow of black money, real estate business accounts for a major chunk of of such illicit funds, accounting regulator ICAI has told the government while seeking urgent steps to check this menace.