Sebi proposes to ease investment norms in real estate – Feedback

In a move that could help revive realty projects which have been grounded for lack of funds, Sebi on Friday proposed to relax rules for Real Estate Investment Trusts (REITs).

The markets regulator has proposed to change rules allowing REITs, an investment vehicle for real estate, to invest up to 20% of their corpus, instead of 10%, in under-construction realty projects. Industry experts say the changed rules could also make REITs more attractive to investors and real estate players. “Allowing REITs to invest up to 20% of their corpus would lead to an improvement in ‘blended returns’ for their funds,” said Siddharth Shah, partner (corporate and funds), Khaitan & Co, one of the oldest corporate law firms in India.

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