Tax breaks pave way for final REIT legislation: Edelweiss

Jul 12 2014, 15:04 IST
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As expected, tax breaks for REITs were announced in the Budget, says Edelweiss. (Thinkstock) As expected, tax breaks for REITs were announced in the Budget, says Edelweiss. (Thinkstock)
SummaryThe taxation structure for REITs implies that special purpose vehicles (SPV) will own the rental assets.

on stock exchanges. Key developers owning rental assets include DLF (buy), Unitech, Phoenix Mills, Indiabulls Real Estate, Prestige Estates, Brigade Enterprises (buy), Oberoi Realty (buy), Raheja Group (unlisted), Embassy Developers (unlisted) and RMZ (unlisted). In the institutional segment, Blackstone and Brookfield are the key funds with strong rental assets in India.

Edelweiss

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