Real estate stock exchange needed for growth'..

Q: New delhi: government should set up an exclusive stock exchange, dealing only in real-estate based mutual funds to arrest the current downtrend and boost growth of the sector, a leading real estate consulting firm has said. "setting up a stock exchange allowing exclusive trading in real-estate based mutual funds is absolutely necessary for the growth of the sector," sanjay verma, director, cushman & wakefield, said. he said real estate investment trusts (reits), like the ones existing in the us, to allow buying and trading of real-estate based shares should also be established.

"us experience in reits offers us an innovative option of permitting investors to buy and trade shares in the real estate sector, verma said and added "permission should be also be given to collect dividends from capital appreciation and rental incomes".