Real Estate Investment Trusts (REIT) must possess a minimum asset size of Rs. 1,000, is the latest notification sent out by SEBI (Securities and Exchange Board of India). SEBI has laid down this new guideline to ensure greater transparency in the functioning of the real estate sector. With the guidelines taking shape, the realty sector will become much more organized in keeping track of the liquidity generated.According to the draft Real Estate Investment Trusts (REIT) must hold assets worth a minimum of Rs. 1,000 crore or above. Moreover the REIT must hold an offering of approximately Rs. 250 crore initially. A public float of 25% is also an essential. This is to bring in greater public participation and higher float units. It is also suggested that till the market gets back on track REIT’s offer size will be extended to only High Net Worth Individuals (HNI’s). The subscription size will thereby be a minimum of Rs. 2 lakh.The guidelines also recommend that 90% of the asset value should comprise of investments in properties which generate revenue. REIT’s are expected to place build their investments around the properties which are complete and assure higher ROI rather than investing in ongoing projects.The remaining 10% of the investment option is left open to the choice of the REIT’s. The guidelines also specify that REIT’s must invest only in Indian assets and must not invest in agricultural lands. Also putting down details of the units has been made mandatory for REIT’s as per the newly drafted guideline.займ на карту без отказов круглосуточновзять кредит онлайн