Recently, Sebi issued final guidelines for REITs, settling several of the concerns raised by the real estate industry.
When these large developers start shifting their Project Loans from Banks to REITs, they will free up limits of Banks which have limited funds to lend to this capital intensive sector due to restrictions imposed by RBI. This indirect impact will have a positive impact on small and midsized developers especially in key cities like Mumbai, Pune, Bangalore, Chennai etc, Deo further said.
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