Real Estate Investment Trusts will help attract more funds into the
realty sector and there is no need to provide more tax concessions for
it, a senior government official said on Thursday.
REITs and Infrastructure Investment Trusts (InvITs) are expected to bring in more global investment and bring transparency into the real estate and infrastructure sectors, respectively.
Capital market watchdog Sebi, whose board last month approved regulations for REITs, is expected to soon notify the new norms.
Additional Secretary, Department of Economic Affairs, Dinesh Sharma said that such trusts would help in attracting more funds.
Read More: http://zeenews.india.com/business/realestate/latest-news/reits-will-get-investments-no-need-for-more-sops-officials_108984.html
REITs and Infrastructure Investment Trusts (InvITs) are expected to bring in more global investment and bring transparency into the real estate and infrastructure sectors, respectively.
Capital market watchdog Sebi, whose board last month approved regulations for REITs, is expected to soon notify the new norms.
Additional Secretary, Department of Economic Affairs, Dinesh Sharma said that such trusts would help in attracting more funds.
Read More: http://zeenews.india.com/business/realestate/latest-news/reits-will-get-investments-no-need-for-more-sops-officials_108984.html
Again a new organization.....would it be profitable...??
ReplyDeleteA good step by government.....waiting to see what results it will bring in real estate funds....
ReplyDeleteReal estate sector is in great need of such fund raising, its great to hear about such steps govt. is taking.
ReplyDeleteNow we are eagerly waiting of the impact it will create in our economy. Good step!
ReplyDeleteWe have to wait for small span of time and we will see that real estate will add a larger part to the economy.
ReplyDelete