Positive for the Banks as Well as for the Real Estate Sector: RBI Governor Sanjay Malhotra on New Lending Rules for REITs

Positive for the Banks as Well as for the Real Estate Sector: RBI Governor Sanjay Malhotra on New Lending Rules for REITs

Get latest articles and stories on Business at LatestLY. "It will help the real estate sector and the REITs. There is already a framework for lending by the banks to the real estate, only through companies and other legal entities. That lending was not allowed to be done in case the borrower was a trust," Governor Malhotra said. Business News | Positive for the Banks as Well as for the Real Estate Sector: RBI Governor Sanjay Malhotra on New Lend…

Stock markets end higher; ITC, banks lead  recovery as RBI keeps policy rates unchanged

MUMBAI, Feb 6:  Stock markets closed higher on Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector. Helped by fag-end buying, the 30-share BSE Sensex advanced 266.47 points or 0.32 per cent to settle at 83,580.40. From the day’s low of 82,…

RBI considering allowing banks to lend to REITs

Mumbai, Feb 6 (PTI) The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector. REITs are investment vehicles that own or operate income-generating real estate, enabling investors to earn a share of the income produced without directly purchasing properties.REITs and Infrastructure Investment Trusts (InvIT…

RBI permits direct bank lending to REITs; Industry applauds move to ease funding and stability

The Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Friday that banks are now allowed to lend directly to Real Estate Investment Trusts (REITs). Anshuman Magazine, Chairman & CEO for India, South-East Asia, Middle East & Africa at CBRE, welcomed the move, stating it will provide a major boost to these investment tools. He noted that the change will make it easier for the trusts to raise funds at relatively cheaper rates. By ope…