Applying new accounting standards Ind-AS to REITs, InvITs to majorly impact SPV’s financials

The introduction of India’s new accounting standards Ind-AS to REITs or InvITs or their underlying special purpose vehicles, sponsors or asset management companies could have quite a significant impact on their financial statements, says a new report. Ind-AS is likely to change how sponsors and asset managers assess REITs or InvITs for consolidation as well as the consolidation of such SPVs by REITs or InvITs, according to the latest PwC and Asia Pacific Real Estate Association (APREA) report named India’s New Real Estate and Infrastructure Investment Trusts – The way forward.

Read more: Economic Times