Ease REIT Rules

The Economic Times - - Companies: Pursuit Of Profit -

Ris­ing pre-com­mit­ment in com­mer­cial real es­tate is no­table in­deed, as it sug­gests grow­ing ex­pec­ta­tion of in­creased busi­ness ac­tiv­ity go­ing for­ward. In par­al­lel, it would make sense to tweak the in­vest­ment norms in Real Es­tate In­vest­ment Trusts (REIT), so as to pur­pose­fully widen sub­scrip­tion and own­er­ship in such in­vest­ment ve­hi­cles. The guide­lines re­quir­ing min­i­mum sub­scrip­tion of .₹ 2 lakh in REIT may need to be re­viewed. It would also be sen­si­ble to have guide­lines in place for stock mar­ket list­ing of REITs. It should then be pos­si­ble to fur­ther widen in­vest­ment in REIT, and at far lower cap­i­tal re­quire­ment.

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