REITs: How far are we from Implementation?
DOI:
https://doi.org/10.33516/rb.v42i1.170-177pKeywords:
Infrastructure Investment Trusts, Real Estate Sector, REITs, SEBI.Abstract
One of the biggest announcements in the union budget of 2014-15 for the real estate sector of India was the introducing of Real Estate Investment Trusts (REITs) by Securities and Exchange Board of India (SEBI) and Infrastructure Investment Trusts. Though, first drafted regulation for REITs was released in December 2007, but initial framework didn't receive approval due to lack of clarity on tax. Launching of REITs by the SEBI was expected to be a major relief for real estate players seeking liquidity since long time. But surprisingly, till now not a single REIT has come up in the market. At this moment it will be interesting to analyse the status of REITs in India and possible reasons for delay in implementation of the same. This paper focuses on the REITs in India and issues related with it in accordance with current regulatory framework and expectations of real estate sector.Downloads
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