India framing ‘investment law for real estate trusts’

India is currently in the process of formulating legislation for the introduction of real estate investment trusts which will help individual investors enjoy the benefits of owning an interest in the securitised real estate market, an Indian economist and tax expert has said.

Sanjiv K Chaudhary, executive director of Pricewaterhouse-Coopers (India) said the real estate investment trusts would be regulated by the Government of India as well as the Securities and Exchange Board of India (SEBI).

“The Indian real estate sector is booming. Investors can benefit from this by forming part of the real estate investment trusts which will make investments in the sector through various tools,” Chaudhary said.