The country may soon get its very first Infrastructure Investment Trusts (InvITs), with the markets regulator Sebi approving two of the four applications received by it for setting up such entities. “We have received four applications for registration in InvITs so far. We have already cleared two of them,” Sebi chairman U K Sinha said here… Read More »
Real Estate Investment Trust Funds (REIT) in retail sector would be savior for all the investments locked in those high costs assets, according to a cross section of stakeholders at the India Shopping Centre Forum 2016. Shopping malls, which have not gone on stream and for those which are operational but not milking attractive rental yields… Read More »
Prestige Estates Projects Ltd, India’s third largest real estate developer by market capitalisation after DLF Ltd and Oberoi Realty, is in the process of consolidating its office business as a precursor to fundraising by bringing in an investor or going the real estate investment trust or REIT route. “We are in the process of doing segment… Read More »
DLF, the country’s largest real estate developer, is planning to bring its mall assets under separate special purpose vehicles (SPVs) so that it can sell stakes in them and convert them into real estate investment trusts (REITs) in the future. The company could raise as much as $1 billion through this route, a executive aware of… Read More »
Homegrown private equity fund Everstone Capital is planning to list its warehousing and logistics assets valued at $2-2.5 billion as a Real Estate Investment Trust (REIT), said four people involved in the process. Everstone is looking to raise more than $3 billion over the next four years through its arm IndoSpace. Read more: Economic Times
Rajeev Talwar, chief executive officer (CEO), DLF Ltd mentioned that DLF would be ready with a special purpose vehicle (SPV) in the next six months. They have signed non-disclosure agreements with 25 global investors. He expects DLF to be the first one to crack REITs. DLF is gearing up to launch REITs worth Rs. 6,000… Read More »
The Union Budget presented by Finance Minister Arun Jaitley on Monday has left big smile on the faces of first time home buyers by giving them an additional tax exemption of INR 50,000 for housing loans upto INR 35 lacs. Also, the removal of a tax hurdle in the way of REIT’s (Real Estate Investment… Read More »
US based PE giant Blackstone, and Bengaluru-based developer-investor RMZ Corp could be the first ones roll out their real estate investment trust (REIT), after the FM cleared the final barrier on DDT (dividend distribution tax) in such bodies. REITs are comparable to mutual funds, and can be listed and traded on stock exchanges. A majority… Read More »
Real Estate Investment Trusts (REITs) are likely to become a reality in India soon, with the removal of Dividend Distribution Tax. This move is expected to offer commercial developers a liquidity option and retail investors an opportunity to participate in office realty market’s growth. As of now, the dividend distribution tax (DDT) was chargeable at… Read More »