 "Budget 2021: More REIT, InvIT listings on the cards, say experts")
The Budget proposal allowing debt financing by foreign portfolio investors (FPIs) in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) and exempting taxes on dividends will lead to more listings by such investment vehicles, said top executives and capital market experts. This could even prompt smaller players to opt for the instruments, they said.
“REIT is one of our strategic goals. Budget makes it better. It will provide for growth, development, scale, and financial and operational efficiencies. We are already in National Capital Region (NCR), Mumbai, and Chennai and likely to add Hyderabad and Pune,” said Sanjay Dutt, managing
