SEBI chairman U K Sinha today said that Real Estate Investment Trusts, REITs, will eventually make it big in India. He also said that there is a need to look into the reasons why there has been very little enthusiasm on REITs so far in the market. Speaking at a conference organised by SEBI on REITs in Mumbai, Sinha said that REITs took a long time even in the US to take-off in a big way and the growth started only after five-six years. SEBI had put in place a separate regulatory regime for REITs last year. Finance Minister Arun Jaitley also announced a tax-friendly regime for these investment instruments in the Budget last month.
News On AIR | March 20, 2015 4:30 PM
REITs, will eventually make it big in India: U K Sinha