The land bank is shrinking. And, so are opportunities for owning prime real estate. That’s why many Indian investors want to purchase a second house and even a third. And, there is good demand for commercial real estate as well—office buildings or malls. Wish you had invested in one such building in your neighbourhood. But that is prohibitive in terms of costs. That would not be possible without forking out several hundred crores of rupees. The answer to this has been Reits (Real estate investment trusts). However, there have only three listed Reits so far. There will be more soon, opening up opportunities for the ever-hungry investor.
A new discussion paper released by market regulator Sebi envisages the creation of ‘Medium, Small and Micro’, or MSM, Reits which will enable you to invest in such properties with a minimum investment amount of ₹10 lakh. This can be a game-changer for the sector. While the Reits listed thus far had a minimum asset size of ₹500 crore, the new MSM Reits will have a minimum ticket size of just ₹25 crore. It will allow unregulated players in fractional real estate to come under the Reit umbrella.
Diese Geschichte stammt aus der May 15, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 15, 2023-Ausgabe von Mint Mumbai.
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