Minimum size for REITs

SEBI recently laid down that real estate investment trusts (REITs) must have minimum asset size of Rs.1,000 crores. This indicates SEBI's willingness to kick-start REITs in India at the earliest, said Anuj Puri of Jones Lang LaSalle India. According to Sanjay Dutt of Cushman & Wakefield, REITs will reduce individual speculation in real estate assets and allow for more professional investment and management in the sector.