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ARTICLE · 27 MARCH 2015

REITS – An Update

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Going forward from last write-up on the Real Estate Investment Trusts (REITs).

IndiaReal Estate and Construction

Going forward from last write-up on the Real Estate Investment Trusts (REITs)1, this article entails analysis on how the real estate sector has responded since notification of guidelines, investor expectations and road ahead for REITs in India.

It was vide notification No. LAD-NRO/GN/2014- 15/11/1576 dated September 26, 2014 and in exercise of the powers conferred by section 30 read with section 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), that the market regulator (SEBI) notified the SEBI (Real Estate Investment Trusts) Regulations, 2014 ("REIT Regulations")2, laying down a framework for REITs in India and registration and regulation thereof. Further, the taxation structure of REITs was incorporated in the Income Tax Act, 1961 ("ITA") by the Finance Act 2014.

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