News & Views on Indian Real Estate

Thursday, November 22, 2007

Good News: Real Estate Investment Trust

India’s fast-growing real estate sector will soon witness the entry of real estate investment trusts (REITs). According to an online report, The Securities and Exchange Board of India (SEBI) chairman, Mr. M Damodaran said that SEBI has initiated the process to introduce REITs and will shortly come up with the first set of proposals on the same. SEBI, (aka the Market Watchdog) has already started consultations with stock exchanges to see how quickly these new products can be introduced in the market.

A real estate investment trust is similar to a mutual fund. Pooled in investors’ money are invest in buildings and houses that generates income in the form of rent from real property or interest from mortgages.

Another leaf added to the dream run of Indian real estate companies

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