Classification of REITs as ‘equity’ to boost investment in Indian real estate: Industry
Markets regulator Securities and Exchange Board of India’s (SEBI)‘ decision to classify Real Estate Investment Trusts (REITs) as “equity” for investments by mutual funds is a progressive step that will widen investors’ participation and strengthen this instrument. To enhance investment by Mutual fund schemes in REITs, the SEBI Board last week approved the amendments to…