RERA, REITs, GST, etc to spur the housing & construction activities: Puri

By Accommodation Times Bureau DELHI Minister of State of Housing & Urban Affairs, Hardeep Puri, stated at the exclusive intuitional event held here today, that the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates, tax concessions and increased flow of

RBI Detonate Banks Exposure to REITs, InvIts at 10% of Unit Capital

By Accommodation Times Bureau The Reserve Bank on September 25 amended the codified acts, to make it possible for loaners to invest in Reits and InvIts detonate such exposures to 10 percent of the unit capital of such instruments, and also to regulate their commodity derivatives play. In amendments to the Master Direction- Reserve Bank of India

Sebi launches online registration system for REITs, InvITs

By Accommodation Times Bureau To make it easier to do business, markets regulator Sebi today said it has introduced an online registration system for REITs and InvITs. The new system would help REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) to complete registration and other regulatory filings with Sebi much faster and

SEBI notifies disclosure requirement for REITs

Securities and Exchange Board of India (SEBI) notified financial disclosures required in Real Estate Investment Trusts (REITs) offer documents and public listing norms. In a circular issued today, SEBI said that the offer document would comprise of financial details of past three years of all the assets involved and will also

New Guide line for REITs by SEBI

By Dr Sanjay Chaturvedi, LLB, PhD Accommodation Times News Services Security and Exchange Board of India have relaxed norms for Real Estate Investment Trust. ever since it was announced there was hardly any takers because of many rules which were restricting normal process including NAV and regular valuation. The investment through SPV

Introduction of REITs as an eligible Financial Instrument under FEMA

By Accommodation Times News Services Introduction of Real Estate Investment Trusts (REITs) as an eligible financial instrument / structure under Foreign Exchange Management Act (FEMA) 1999 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to allow the Real Estate Investment Trusts (REITs) as an eligible

Finance Bill relaxes MAT on REITs

By Accommodation Times News Services Much awaited Real Estate Investment Trust (REITs) in India, will be relaxed with Minimum Alternate Tax (MAT). REITS and InvTs are much awaited securitised exchange traded products which will revolutionise the funding option for fund starved Real Estate industry. “We are committed to the fiscal-end timeline for