REIT Association Launches DBIs for Investor Transparency
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 KFintechhave 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 exchangesMindspace 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.
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 KFintechhave 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 exchangesMindspace 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:
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.12 ( -3.70)
- 28487876
- Srestha Finvest
- 0.65 ( -5.80)
- 17244407
- Murae Organisor
- 1.85 (+ 4.52)
- 16017942
- Quadrant Televenture
- 0.52 (+ 4.00)
- 15423224
- Sunshine Capital
- 0.86 ( -4.44)
- 12894409
MORE NEWS
Nirmata Raises USD 9.6 Mn from Peak XV's Surge
Nirmata, a cloud startup, raised USD 9.6 million in funding led by Peak XV's Surge. The...

Nykaa Q3 Profit Surges 51% to Rs 26.4 cr
Nykaa's Q3 profit rose 51% to Rs 26.4 crore, driven by strong revenue growth across its...

Syngene CEO Jonathan Hunt Steps Down, Peter...
Syngene International's MD & CEO Jonathan Hunt has stepped down, with Peter Bains...