While capital markets regulator Sebi notified its REIT Regulations in September, there have been some procedural issues with regard to certain regulations including FEMA and the FDI Policy coming in way of such structures taking off. The proposed relaxation is expected to help those entities, which are registered and regulated under the Sebi norms, to access foreign investments through their REITs.
REITs can be listed and traded on stock exchange like shares or any other security and also help create new platforms for raising of funds by real estate companies.
Despite significant tax benefits for the sponsors of these business trusts, these new regulations would also be "revenue accretive" for the government in form of taxes.
The move comes at a time when the government is taking several steps to boost foreign investments in the country. Recently it has relaxed foreign direct investment (FDI) policy in pharmaceuticals sector and insurance sector.
During April-October this fiscal, the country has attracted USD 17.34 billion FDI, an increase of 26 per cent as compared to the same period last year.
Earlier on September 26, Sebi had notified norms for listing of business trust structures, REITs and InvITs that would help attract more funds in a transparent manner into realty and infrastructure sectors.
While capital markets regulator Sebi notified its REIT Regulations in September, there have been some procedural issues with regard to certain regulations including FEMA and the FDI Policy coming in way of such structures taking off. The proposed relaxation is expected to help those entities, which are registered and regulated under the Sebi norms, to access foreign investments through their REITs.
REITs can be listed and traded on stock exchange like shares or any other security and also help create new platforms for raising of funds by real estate companies.
Despite significant tax benefits for the sponsors of these business trusts, these new regulations would also be "revenue accretive" for the government in form of taxes.
The move comes at a time when the government is taking several steps to boost foreign investments in the country. Recently it has relaxed foreign direct investment (FDI) policy in pharmaceuticals sector and insurance sector.
During April-October this fiscal, the country has attracted USD 17.34 billion FDI, an increase of 26 per cent as compared to the same period last year.
Earlier on September 26, Sebi had notified norms for listing of business trust structures, REITs and InvITs that would help attract more funds in a transparent manner into realty and infrastructure sectors.
การแปล กรุณารอสักครู่..
