REITs Will Make It Big In India : SEBI Chaairman UK Sinha

20 March, Mumbai

SEBI chairman U K Sinha Friday 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.