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India: REITs may never take off as regulator has 2nd thoughts

Posted on 10 August 2010

From Indiatimes.com: Capital market regulator the Securities and Exchange Board of India (SEBI) may drop its plan to introduce real estate investment trusts (REITs) in India. The regulator had issued draft guidelines for REITs a couple of years ago, but never finalised them.
According to a person familiar with the development, the regulator feels having both real estate mutual funds and real estate investment trusts could confuse investors……………………………………….Full Article: Source

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