‘REIT, InVIT norms to be out next week’

With an eye on attracting long term investments in the infrastructure sector, the Securities and Exchange Board of India (Sebi) will be “formally announcing” the guidelines for Real-estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) sometime this week.

“This week Sebi is going to formally announce the guidelines for REITs and InvITs. The regulations are expected any day during this week itself,” said Sebi chairman UK Sinha, while delivering a keynote address at a pre-Vibrant Gujarat summit event at Gandhinagar on Thursday.

These trusts are like mutual funds that raise resources from many investors which will be directly invested in realty or infrastructure projects.

“Going by the experience of Singapore, Australia and Japan, I feel that these two regulations will help us provide long term financing for growth of infrastrcture sector,” he said at the event here.