REITs Booster Rocket
The newly created REITs will be a booster rocket for investments into the country, said Anuj Hari, Chairman and Country Head, JLL India during the World Economic Forum annual meet. Notified by markets regulator Sebi in September 14, they are expected to become avenues which will raise $ 8-10 billion in next five years and which can be listed and traded on stock exchange like shares. JLL India is a real estate consultancy firm.

Along with foreign investors, domestic institutions like insurers, pension funds and provident funds would also be allowed to invest in REITS which will be subject to stringent norms on disclosure as well as related party transactions.