Delhi: Market Regulator Sebi has taken a decision which will allow listing of Real Estate Investment Trusts (REITs). The CREDAI welcomed the decision of Sebi saying that this is a positive step and it will help developers to improve their liquidity position. CREDAI is willing to give suggestions to the Sebi regarding the listing of REITs.Sebi issued draft guidelines on REITs asking for suggestions from the real estate industry. The proposal regarding REITs was submitted five years ago which has been now revised by the Sebi. Sebi issued draft norms for REITs which will be similar to mutual funds but the investments would be on the real estate assets generating rental incomes.Lalit Kumar Jain, CREDAI chairman welcoming the move said that REIT will definitely help developers’ to increase liquidity. REIT will also increase the inflow of foreign funds in the real estate sector. Foreign funds investment in the real estate market is struggling due to the RBI restriction for the real estate.CREDAI will submit developers’ view point to the Sebi. Sebi has also invited suggestions and comments from stakeholders against their draft guidelines by the end of the month. Sebi has proposed the listing of REITs to attract more real estate investors into the capital market of the country. Increase in such investment vehicle through REIT is vital for the real estate industry of the country.Leading property consultant Knight Frank India’s Chief Economist and Director Samantak Das said that the Sebi’s decision to allow REITs listing is a positive move for the real estate sector.займ на карту без отказов круглосуточновзять кредит онлайн