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Sebi to notify norms for real estate investment trusts

To help attract greater foreign and domestic investments into real estate, markets regulator Sebi on Friday said it will soon notify norms for creation and listing of business trusts for this key sector.

Addressing a conference organised by Assocham here, Sebi Executive Director Ananta Barua said: ‘We will soon notify the new norms on Real Estate Investment Trusts or REITs.’

The Securities and Exchange Board of India's board had approved the regulations on Real Estate Investment Trusts last month after receiving public comments.

According to experts, the new instrument has the potential of attracting $8-10 billion into the cash-starved real estate sector.
PTI

PTI

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