Sebi seeks tax incentives for REITs
Sinha says will talk to I-T dept regarding the issue
Oct 28, 2013
Source : Business Standard

 

MUMBAI: Securities and Exchange Board of India (SEBI) will ask tax authorities to consider incentives for real estate investment trusts, Sebi Chairman U K Sinha said on Monday.

"For REITs to be successful, they have to be tax efficient. There's no question about it," he told reporters on the sidelines of a conference.

"We'll talk to the I-T department to make it happen," he added, referring to the income tax department. Sinha did not provide more details.

The capital markets regulator had issued draft guidelines for launching real estate investment trusts (REITs) in India earlier this month. Investors have said the success of these investments would likely depend to a large extent on the tax incentives provided.

REITs are tax-efficient listed entities that mainly invest in income producing real estate assets from which most of the earnings are distributed to their shareholders.

Latest Realty News

Bangalore: From global back office to a work and live hub
Oct 28, 2013
BANGALORE: In the early 1990s, when Electronics City was in its nascent stage, there were many who thought Infosys was a bus company, as buses emblazoned with the company’s name became ubiquitous, as they ferried employees from home to work and back.
Kanjurmarg competes with Mulund and Ghatkopar
Oct 28, 2013
MUMBAI: Kanjurmarg, one of the suburbs located on the east-central side of Mumbai, is known for its affordable housing projects, as compared to other suburbs such as Mulund and Ghatkopar. Considering its proximity to several other real estate destinations, the area today, has carved a path for itself. Here are some of the major reasons why it has become a vibrant real estate destination.
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
Realty firms gear up for first asset-backed property bonds
Oct 28, 2013
MUMBAI: Property firms, including DLF Ltd, are gearing up to sell the country’s first bonds backed by rental income from their office buildings and shopping malls.
3-day real estate show gets under way in Hyderabad
Oct 28, 2013
HYDERABAD: Leading property developers, housing finance institutions and banks are taking part in the three-day Property Show 2013, which got underway here on Friday.
Govt to finalise draft policy on incentives for green buildings
Oct 28, 2013
CHENNAI: The Centre was finalising a draft policy on non-financial incentives to promote green buildings, a top official of the Ministry of Housing and Urban Poverty Alleviation said here today.
BBCL Sukriti offers luxury apartments
Oct 28, 2013
CHENNAI: Bharat Building Construction (I) Pvt. Ltd is developing ultra luxury apartments in T. Nagar, the residential and commercial hub of Chennai.
Home Linen from Hugo Boss
Oct 28, 2013
MUMBAI: Surprise Home Linen brings you the Boss Home Collection from the Hugo Boss Group, an international premium and luxury fashion brand, which brings to India its new bed and bath offering.
The landlord-tenant relationship
Oct 28, 2013
CHENNAI: Very often, the relationship between a tenant and a landlord is not the most pleasant. It is characterised by conflict of interest, bitter conversations and, sometimes, legal battles.
Industry Dept moots easing of lock-in period for FDI in housing
Oct 28, 2013
DELHI: The Department of Industrial Policy & Promotion (DIPP) has finalised the Cabinet note on relaxing norms for Foreign Direct Investment (FDI) in the construction development sector and hopes to place it before the Cabinet next week.

Latest Realty News Of State

Realty Talk's