MUMBAI: India approved the setting up and listing of real-estate investment trusts as the nation seeks to unlock a US$20 billion (RM64 billion) market.

The trusts, or REITs, will have to own assets worth at least five billion rupees (RM261.3 million), the Securities and Exchange Board of India said in New Delhi yesterday. Investors must put in a minimum of 200,000 rupees. Final notifications would be issued soon to make the new rules for REITs effective in a month or two, the Press Trust of India reported, citing UK Sinha, chairman of the capital-markets regulator. — Bloomberg


This article first appeared in The Edge Financial Daily, on August 12, 2014.

 

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