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Friday, September 22, 2017 11:47 AM

Tag: Asia

India Sets Norms to Open $20 Billion REIT Market

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India approved the setting up and listing of real-estate investment trusts as the nation seeks to unlock a $20 billion market.

The trusts, or REITs, will have to own assets worth at least 5 billion rupees ($82 million), the Securities and Exchange Board of India said in New Delhi yesterday. Investors must put in a minimum 200,000 rupees. Final notifications would be issued soon to make the new rules for REITs effective in a month or two, Press Trust of India reported, citing U.K. Sinha, chairman of the capital-markets regulator.

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