- Banks increase interest rates for deposits and lending (loans) (Jul 02, 2008)
- Matthews India Fund MINDX: A good proxy to invest in India (Jun 29, 2008)
- Why does the financial / fiscal year start from 1st April? (Jun 26, 2008)
- Tata AIG - Maharaksha Accident and Personal Injury Policy (Jun 23, 2008)
- Provident Fund (PF) and Voluntary Provident Fund (VPF) (Jun 20, 2008)
- New Ebook Launched: "Investing In Gold - Everything You Should Know" (Jun 17, 2008)
New eBook launched: Investing in Gold - Everything you should know
I am proud to announce the first eBook from www.RaagVamdatt.com: Investing in Gold: Everything you should know.
It is exactly what the name says: It has all the basic information that you need to start investing in Gold - Why gold should be a part of your portfolio, how gold should be bought, how much of it should be bought, and lots of other useful information.
This ebook would be offered FREE to all new members on registration.
To download the eBook, logged-in members can go to: Downloads >> Free eBooks >> "Investing in Gold: Everything you should know"
Alternatively, it can be downloaded using this link. (You should be logged-in)
Articles: SEBI proposes Real Estate Investment Trusts (REITs)
Securities and Exchange Board of India (SEBI) has proposed introduction of Real Estate Investment Trusts (REITs).
|
Securities and Exchange Board of India (SEBI) has released the draft
guidelines for the introduction of Real Estate Investment Trusts (REITs)
in India. These guidelines have been published to get feedback from the
public before they are finalized.
As per these guidelines, scheduled banks, insurance companies, public financial institutions and corporates would be eligible to become trustees of REITs. The minimum initial net worth has been stipulated as Rs. 5 Crores. |
REITs would be close ended, and would be listed on the stock exchanges. The NAV of an REIT would be disclosed once a year. (Both AMFI (Association of Mutual Fund Industry) and ICAI (Institute of Chartered Accountants of India) have already firmed up the valuation norms for these products).
REITs would not be allowed to offer guaranteed returns, and would need to distribute at least 90% of their income as dividends.
REITs would be allowed to borrow only up to 20% of the gross assets of the scheme. Their investment in unfinished / under construction properties would also be limited to 20% of the total asset value.
REITs would not be allowed to invest in vacant land. Investment in a single project would not be allowed to exceed 15%, and investment in projects by a developer group would not be allowed to exceed 25% of the total asset value.
The REITs would be managed by separate real estate investment management companies, which would need to register with SEBI. All REITs would also need to get a credit rating.
Please click here to read more on Real Estate Investment Trusts (REITs) and how they can help you.
Other articles you might be interested in:
- Real Estate Investment Trusts (REITs)
- ELSS is not for someone else
- Are ULIPs a costly form of term insurance plus MF investments?
- Shine matters - Gold is not old
- Best Performing Mutual Funds (MFs) of 2007
- Goal Based Investing
- Direct investment in Stocks versus Mutual Funds (MFs)?
- Tax sops for Post Office schemes, bonus on PO MIS
- National Savings Certificate (NSC)
Related links from the web (Sponsored):
Articles by Category:
- Gold
- Income Tax - IT
- Insurance
- Investment Philosophy and Planning
- Loans
- Mutual Funds
- News / Developments
- Others / Miscellaneous
- Real Estate
- Stocks / Shares / Equities
Note: Please treat the opinion expressed here as a broad suggestion. Please consult your financial planner / investment advisor before making any investment decision.
Comments
Registered Members: 736
Guests On-Line: 8
Registered Members On-Line: 0
You are a guest user. To register for free, 