August 2014: India became the 31st country to enact REIT legislation following action by the Securities and Exchange Board of India, which issued rules that closely hew to U.S. REITs. Notably, Indian REITs will be required to distribute at least 90 percent of net distributable cash flows to investors at least once every six months. At least 80 percent of the value of Indian REITs’ assets must come from properties that are generating revenue.
Timeline Year
2014
Caption Text
India became the 31st country to enact REIT legislation.