REIT Association Launches DBIs for Investor Transparency

By By Rediff Money Desk, New Delhi
Sep 18, 2024 18:41
Indian REITs Association launches Data Benchmarking Institutions (DBIs) to provide detailed information on REITs, enhancing transparency for investors.
New Delhi, Sep 18 (PTI) Indian REITs Association (IRA) on Wednesday launched 'Data Benchmarking Institutions (DBIs) to provide investors detailed information on real estate investment trust.

The association said this is a significant step towards empowering Indian Real Estate Investment Trusts (REITs) investors.

"As a central repository of standardised and comparable data, DBIs will enhance transparency and ease of access to information in India's emerging and promising REIT sector. This initiative is crucial for building a robust information database and improving market efficiency as the REIT sector evolves," IRA said in a statement.

As part of this initiative, under SEBI's guidance, three leading financial services companies— CareEdge, CAMS, and KFintech—have launched dedicated platforms to house all key information regarding REITs, assisting investors with their investment decisions.

These platforms will provide comprehensive information and comparative analysis to help investors assess the performance of various Indian REITs.

"The DBIs will offer investors access to detailed information on REIT performance, operational metrics, valuation standards, and disclosures. This will empower investors to make data-driven decisions, allowing for better investment diligence and more informed investment choices," the IRA said.

The journey of REITs in India began with the introduction of regulatory guidelines in 2014, culminating in the public launch of REITs in 2019 with the listing of Embassy REIT.

Following this, two more REITs were listed on Indian exchanges—Mindspace Business Parks REIT in 2020 and Brookfield India Real Estate Trust in 2021.

In May 2023, India's first retail REIT, Nexus Select Trust, was listed.

Indian REITs are required to invest 80 per cent of their portfolio in income-producing properties, pay out at least 90 per cent of net distributable cash flows to investors semi-annually.
Source: PTI
Read More On:
reitreal estate investment trustsinvestor informationindian reitsdata benchmarking institutions
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Thomas Cook Partners with Moscow Tourism for...

Thomas Cook India has signed a 2-year strategic partnership with Moscow Tourism to...

SBI Funds Invests Rs 212 cr in Ajax Engineering...

SBI Funds Management invests Rs 212 crore in Ajax Engineering ahead of its IPO,...

Advanced Sys-Tek Files IPO Papers with Sebi

Advanced Sys-Tek Ltd has filed draft IPO papers with Sebi seeking approval to raise Rs...

Waaree Energies Starts Solar Cell Production in...

Waaree Energies begins commercial production at its 1.4 GW solar cell facility in...

BHEL Wins Rs 8,000 Crore Order from Mahagenco

BHEL has secured a Rs 8,000 crore order from Mahagenco for a 2x660 MW BTG package at...

Tata Motors Opens Vehicle Scrapping Facility in...

Tata Motors launches its seventh registered vehicle scrapping facility in Guwahati,...

Chemplast Sanmar Q3 Net Loss Narrows to Rs 49 Cr

Chemplast Sanmar Ltd. reported a net loss of Rs 49 crore for Q3 FY2024-25, a...

Shanti Educational Initiatives Q3 Profit Soars...

Shanti Educational Initiatives (SEIL) reported a 10-fold jump in Q3 PAT on strong...

DLF JV Firm DCCDL Rental Income Rises 10% in...

DLF's joint venture firm DCCDL saw a 10% increase in rental income from office and...

Cube InvIT Acquires 2 Road Assets for Rs 4,185...

Cube Highways Trust (Cube InvIT) has acquired two road assets from NIIF for Rs 4,185...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com