 "Sebi")
The Securities and Exchange Board of India (Sebi) is planning to allow “micro” real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market as India emerges from a pandemic-induced lull.
The regulator is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors, said the official.
REITs in India must now have a minimum asset value of Rs 5 billion. The possibility that Sebi may lower the minimum has not been reported previously.
Sebi was taking
Disclaimer: No Business Standard Journalist was involved in creation of this content
