SEBI#39;s move could be a tipping point for REITs in India: Expert

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SEBI has relaxed investment norms for Real Estate Investment Trusts (REITs) – allowing them to invest at least 50 percent stake in holding companies.

In an interview to CNBC-TV18, Sanjay Dutt, Executive Managing Director-South Asia at Cushman Wakefield India and Anuj Puri Chairman and Country Head of Anarock shared their views and readings on the same.

Puri said it’s good that REITs will be allowed to invest at least 50 percent in holding company.

He further said that REITs being allowed to hold 50 percent in holding companies will facilitate REIT listings.

He expects a couple of REITs to come up in the next few months.

According to Dutt, SEBI’s move could be a tipping point for REITs in India.

Dutt expect credible REITs players to come into the market going ahead.

For entire discussion, watch accompanying video.