Addressing the annual meeting of the International Monetary Fund at Washington, D.C. a few days ago , India's federal minister for finance Nirmala Sitharaman said, "As we envisage becoming a five trillion-dollar economy by 2025, our focus on creating world-class infrastructure has become even more resolute ... we now are...
India's Central Bank Allows Bank Investments in REITs, InvITs
India's central bank, The Reserve Bank of India, will allow banks which are currently allowed to invest as much as 20% of their net-owned funds in equity-linked mutual funds, venture capital funds and stocks, to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The central bank...
Blackstone to Offer India's First REIT
Real Estate Investment Trusts (REITs) are expected to make their debut in India next year, when New York-based Blackstone Group is expected to offer its first issuance of these securities enabling global investors to invest in real estate and infrastructure in India. REITs offer investors special tax considerations and typically...
Investment Trusts for Real Estate to Open Up Soon
According to an article on the National Association of Real Estate Investment Trusts (NAREIT), with the latest news from India, 31 countries now have REIT regimes in place, a group that includes both developed markets and developing economies. Remarkably, a decade ago there were only a dozen countries with REIT...