Indian Real Estate Investment Trusts Association Launches Data Benchmarking Institutions for Reit Investors
The Indian Real Estate Investment Trusts Association (IRA) has launched three data benchmarking institutions (DBIs) to empower Reit investors with critical information.
ReitsIndian Real Estate Investment Trusts AssociationSecurities And Exchange Board Of IndiaData Benchmarking InstitutionsTransparencyReal EstateSep 18, 2024
The DBIs will serve as a central repository of data on the Indian Reit sector, enabling investors to make informed decisions when investing in Reits. Three financial services companies - CAMS, CareEdge, and KFintech - have launched their respective platforms, namely compareitnow.in, ReitsInfraEdge, and KFinsights.Ashwani Bhatia, whole-time director at the Securities and Exchange Board of India (Sebi), hailed this initiative as a significant step forward in empowering investors with critical information needed to make informed decisions when investing in Reits.
The IRA stated that the DBIs are yet another reform aimed at improving transparency in the capital market and strengthening investor protection. This initiative will significantly enhance awareness and confidence in the asset class by providing comprehensive data on all Reits in one place.
The Indian Reits market oversees gross assets under management (AUM) of over Rs 1,40,000 crore, with a portfolio spanning approximately 125 million square feet of Grade A office and retail space across the country. There are currently four publicly listed Reits in India, namely Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
The launch of DBIs is expected to further boost the growth of the Indian Reits market, which has been gaining traction in recent years. With the provision of standardized and comparable data, investors will be able to make more informed decisions, leading to increased confidence in the asset class.The Securities and Exchange Board of India (Sebi) is the regulator of the securities market in India. It was established in 1988 and is responsible for protecting the interests of investors and promoting the development of the securities market.
The Indian Real Estate Investment Trusts Association (IRA) is a self-regulatory organization that aims to promote the growth and development of the Indian Reits market. The IRA works closely with Sebi and other stakeholders to create a favorable environment for Reits to operate in.
The Securities and Exchange Board of India (Sebi) is the regulator of the securities market in India. It was established in 1988 and is responsible for protecting the interests of investors and promoting the development of the securities market.CAMS, CareEdge, and KFintech are financial services companies that provide a range of services, including data analytics and benchmarking.
Frequently Asked Questions
What are data benchmarking institutions (DBIs)?
DBIs are institutions that provide standardized and comparable data on a particular sector or industry.
What is the purpose of launching DBIs for Reit investors?
The purpose of launching DBIs for Reit investors is to provide them with critical information needed to make informed decisions when investing in Reits.
Which companies have launched DBIs for Reit investors?
CAMS, CareEdge, and KFintech have launched DBIs for Reit investors.
What is the current size of the Indian Reits market?
The Indian Reits market oversees gross assets under management (AUM) of over Rs 1,40,000 crore.
How many publicly listed Reits are there in India?
There are currently four publicly listed Reits in India.
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