Real opportunity

Real opportunity-Financial Express-Oct 22, 2013-Pg11

With the Securities and Exchange Board of India (Sebi) proposing to allow Real Estate Investment Trusts (REITs) in the country, the stage is set for investors to tap the real estate sector. Globally, these are common investment vehicles which pool investors’ money and invest in revenue generating assets, such as building, offices, warehouses and malls, and distribute a major part of the earnings among the investors.

A KPMG research note said the Sebi move will revive substantial investor interest in India’s subdued real estate market. “REITs are a positive move towards a more professionally organised and globally well accepted framework for funding real estate development. The move will also reduce individual speculation in real estate assets,” the note said.

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About Rustomjee Spaces

At Rustomjee, we have been creating vibrant living spaces since 1996. Today we are considered among the foremost real estate developers in the country. We attribute this success to our unflinching commitment to adhering to the highest quality standards, and consistency in delivery schedules. Till date, we have launched, completed and delivered many state-of-the-art residential complexes, premium homes and impressive commercial facilities. While at it, we have ensured that nature reflects in every space that we create. In fact ever since our first property was built, we have planted over a hundred trees for every constructed building. This is our way of returning to nature what we've taken from her.

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