[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Emerging investment instrument REIT seems to be finally catching investors' fancy, with
mutual funds investing a whopping Rs 735 crore in such units in the first six months of 2020,
nearly three-fold jump from the year-ago period.
However, mutual funds' investment in infrastructure investment trusts (InvITs) dropped by
8 per cent to Rs 4,968 crore in the period under review, data with the Securities and Exchange
Board of India (Sebi) showed.
REITs and InvITs are relatively new investment instruments in the Indian context but are
extremely popular in global markets. While an REIT comprises a portfolio of commercial real
assets, a major portion of which are already leased out, InvITs comprise a portfolio of
infrastructure assets such as highways, power transmission assets.
Overall, mutual funds have increased their exposure in these investment avenues over the
past one year.
Investment by fund houses in REITs jumped from a mere Rs 7 crore in January 2019 to
Rs 71 crore in January this year and further increased to Rs 402 crore in June 2020.
Fund managers infused Rs 735 crore in real estate investment trusts (REITs) in January-June
2020 compared to Rs 249 crore in the first six months of last year.
Read more at: https://realty.economictimes.indiatimes.com/news/industry/mf-investment-in-reits-jumps-three-fold-to-rs-735-crore-in-h1-2020/77832707
Have a nice day