- India’s securities regulator, the
Securities and Exchange Board of India, announced draft rules
for real estate investment trusts (Reits) on October
- This is a positive development for the Indian
capital markets, as it introduces more sophisticated
- But tax issues and foreign investment
restrictions must be clarified before Reits can become
The Securities and Exchange Board of India (Sebi)
last month announced draft rules for real estate investment
trusts (Reit). But changes are needed if Reits are to succeed
in the country.
Sebi issued a consultation paper on draft guidelines for Reits
on October 25 in response to the product’s growing
popularity. Similar initiatives have been contemplated for over a decade, but practitioners remain
optimistic about this new development.
With Reits unavailable in India,...