Q:I am a student of Insurance Management. I am working on a project on Property Insurance with specific focus on Risk Management of Civil construction projects.I want know about REIT.In an article I recently read there was something about banks playing a major role in REIT.The article read " It is also expected that the banks in India can be a major contributor of assets in REITs. These banks own vast commercial real estate for their offices and branches. These assets can be revalued and swapped into a REIT and the asset can be leased to the banks. This would enable the money raised to flow back to the bank for shoring up their balance sheets, and at the same time be a very stable asset for the investors."The article also mentioned about Budget 2016 exempting REIT from dividend distribution tax.I want to know how it will benefit the Real Estate sector.The link to the article ishttp://naredco.in/Article-details.asp?id=160&prYear=2016
Q:The Union government may consider removing stamp duty on transfer of properties by private individuals and firms to real estate investment trusts that are expected to get listed on stock market beginning April next year.
Latest Answer: DLF has also announced plans to start 2 Reits, with one exclusively for commercial office space by end of this financial year. The company has made public plans to monetise about 30 million sq-ft office and retail space.
