Empowering REIT Investors: Indian REITs Association Launches Data Booklets
Indian REITs Association introduces data benchmarking institutions to provide detailed information on real estate investment trusts, enhancing transparency and market efficiency.
ReitsReal Estate Investment TrustIndian Reits AssociationData Benchmarking InstitutionsCareedgeCamsKfintechReal Estate MumbaiSep 20, 2024
As part of this initiative, 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 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.
About Indian REITs Association
The Indian REITs Association is a non-profit organization that aims to promote and develop the REIT industry in India.
About CareEdge
CareEdge is a leading provider of credit rating and research services in India.
About CAMS
CAMS is a leading provider of mutual fund and insurance services in India.
About KFintech
KFintech is a leading provider of financial technology services in India.
Frequently Asked Questions
What is the purpose of the Data Benchmarking Institutions (DBIs) launched by the Indian REITs Association?
The DBIs aim to provide detailed information on REITs, enhancing transparency and ease of access to information for investors.
Which companies have launched dedicated platforms to house information on REITs?
CareEdge, CAMS, and KFintech have launched dedicated platforms to house information on REITs.
What type of information will the DBIs provide to investors?
The DBIs will provide detailed information on REIT performance, operational metrics, valuation standards, and disclosures.
When was the first REIT listed in India?
The first REIT, Embassy REIT, was listed in India in 2019.
What is the minimum percentage of portfolio that Indian REITs are required to invest in income-producing properties?
Indian REITs are required to invest at least 80 per cent of their portfolio in income-producing properties.
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