New SEBI norms on REITs

New SEBI norms on REITs likely to be finalized by October


Daily updates on stock market with trends and recommendations by best advisory company.

Pulling out all stops as far as Real Estate Investment Trust (REIT) is concerned, Security and Exchange Board of India (SEBI) has set up a dedicated committee on REITs to address concerns of interested players.

Developers DLF, K Raheja and Embassy have been having weekly consultations with the committee to address their grievances. The regulator is doing all it can to ease the concerns about inadequate public interest in REIT.

The committee has also proposed to remove minor regulatory hurdles on REIT and may allow up to 5 sponsors for REIT. Furthermore, SEBI may allow hotels to be listed and REIT may be granted to invest in holding companies with rent-yielding projectss via special purpose vehicle (SPVs).

Not just this, the regulator body may also allow 20 percent of REIT capital to be spent on under construction projects and is awaiting public response on new REIT norms by August 7.

GET A FREE TRIAL CALL AT: +91-7415033556


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s