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Over Rs 3.5 lakh crore worth asset monetisation through REITs, InvITs likely in one year: Report
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Over Rs 3.5 lakh crore worth asset monetisation through REITs, InvITs likely in one year: ReportBy
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With InvITs and REITs now recognised as borrowers under the SARFAESI Act, lenders to these trusts, shall have adequate statutory enforcement options, absence of which was earlier becoming a constraint for bankers to lend directly at trust level.
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In the last two years, the InvIT space had witnessed monetisation of assets worth Rs 85,300 crore.
Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT) structures are expected to see healthy traction in the near to medium term, supported by the track record of entities that have already floated such structures, enabling regulatory developments and focus on attracting investments into the infrastructure space.
Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) structures are expected to see a healthy traction in the near to medium term, supported by the track record of entities
A proposal to bifurcate state-owned gas utility GAIL (India) Ltd has been scrapped for now, and instead the company will monetise some of its pipelines by selling a minority stake through InvIT.
GAIL Chairman and Managing Director Manoj Jain said the company has sent a plan for monetising two of its pipelines to the Ministry of Petroleum and Natural Gas and an Infrastructure Investment Trust (InvIT) is possible within the current fiscal if approvals come soon.
GAIL is India s biggest natural gas marketing and trading firm and owns nearly three-fourths of the country s 17,126-km gas pipeline network, giving it a stranglehold on the market.