REIT in India will soon be reality, First company Blackstone is preparing for REIT listing in India, if REIT has to be successful GOI has to ensure FD interest rate has to fall and Tax to be zero in the hands of Investor.
First Signs : Interests on Deposits are falling but how far is to be watched
Second Sign : Exempting DDT(Dividend distribution tax) for REITs
Lastly : Real Estate is due for Correction in large scale to make attractive for investors, Demonetization should do !!
Source : The Wall Street Journal
A venture including private-equity giant Blackstone Group LP is poised to launch India’s first real-estate investment trust in an initial public offering that could raise more than $600 million and mark a milestone in the development of a modern commercial real-estate industry in India.
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