The popularity of Real Estate Investment Trusts (REITs) and similar vehicles demonstrates the strong and still growing demand for tax efficient, liquid and transparent vehicles for investing in real estate. Countries are reacting to this demand and a number of new REIT regimes have been introduced over recent years, with India being a very significant recent entrant into the market. The Securities and Exchange Board of India (Sebi) firmed up regulations that will govern REITs in September 2014. This is expected to be a game changer for the Indian commercial real estate sector. Very significant is that with India’s REIT regime being introduced only China remains without a REIT regime amongst the BRICS countries of Brazil, Russia, India, China and South Africa.
With the Insights on Real Estate Investment Trusts report, the KPMG Global Real Estate practice aims to provide a guide on REITs or their local equivalent in all of the major jurisdictions. The guide provides an regional overview which allows for comparison between countries.