REITs

SEBI has finalised the draft norms of InvITs
InvITs or Infrastructure Investment Trusts are proposed in the Budget 2014-15 as an innovation to REITs to improve funding in infrastructure projects. These InvITs will also have same tax benefits as REITs. InvITs are proposed with an aim to reduce the pressure in the existing banking system for infrastructure loans. According to Hon’ble Finance Minister, […]

Budget 2014: Industry Status for Indian Real Estate
Despite some good sops to the real estate sector such as National Housing Banking program, REITS reforms and allocation of funds for affordable housing, the union budget 2014-15 failed to realise the hopes of the real estate sector to obtain an industry status once more. The Indian realty sector has been expecting an industry status […]