Norms for Realty Investment Trusts Soon

♠ Posted by at Saturday, September 20, 2014 in ,,,,, at Saturday, September 20, 2014

Markets watchdog Securities and Exchange Board of India (Sebi) on Friday said it would soon specify norms for creation and listing of Real Estate Investment Trust or REITS to make the realty sector attractive for foreign and domestic investors.
Like mutual funds, REITs and real estate players would pool in money from investors and issue units in exchange. Most of the money collected is then invested in commercial properties which are completed and generate income. Read More..

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