Legislations to be amended to fund InvITs, REITs

15 Feb 2021 CW Staff

The finance ministry said last week that debt financing of REITs and InVITs by Foreign Portfolio Investors (FPIs) would be enabled by making suitable amendments in the relevant legislations.

The Ministry of Finance had announced during the Union Budget 2021-22 that the Finance Bill has proposed amendments to permit foreign portfolio investors (FPIs) an entry into debt financing of emerging investment vehicles — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Following up on the announcement, the government is acting to make such investment vehicles attractive and lucrative for investors. The FM proposes to exempt taxes on dividends on InvITs and REITs.

The move comes in a bid to increase funds for the real estate and infrastructure sectors.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Finance minister Nirmala Sitharaman announced this move during the Budget 2021.

A finance ministry statement announced, "The Government of India as part of the Finance Bill, 2021 has proposed amendments in the Securities Contracts (regulation) Act, 1956 and Securities and Exchange Board of India Act, 1992 with consequential amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to confer the power to Pooled Investment Vehicles (defined to include AIFs, REITs, InvITs etc.) to borrow and issue debt securities."

REITs and InvITs are relatively new investment instruments in the Indian market. While a REIT comprises a portfolio of commercial real assets, a major portion of which is already leased out. An InvIT comprises a portfolio of infrastructure assets such as highways and power transmission assets.

Image: The amendments have been made in a bid to increase funds for the real estate and infrastructure sectors.

Also read: A whole new chapter in public funding

Also read: An Infra-Nirbhar Budget

The finance ministry said last week that debt financing of REITs and InVITs by Foreign Portfolio Investors (FPIs) would be enabled by making suitable amendments in the relevant legislations. The Ministry of Finance had announced during the Union Budget 2021-22 that the Finance Bill has proposed amendments to permit foreign portfolio investors (FPIs) an entry into debt financing of emerging investment vehicles — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Following up on the announcement, the government is acting to make such investment vehicles attractive and lucrative for investors. The FM proposes to exempt taxes on dividends on InvITs and REITs. The move comes in a bid to increase funds for the real estate and infrastructure sectors.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Finance minister Nirmala Sitharaman announced this move during the Budget 2021. A finance ministry statement announced, The Government of India as part of the Finance Bill, 2021 has proposed amendments in the Securities Contracts (regulation) Act, 1956 and Securities and Exchange Board of India Act, 1992 with consequential amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 to confer the power to Pooled Investment Vehicles (defined to include AIFs, REITs, InvITs etc.) to borrow and issue debt securities. REITs and InvITs are relatively new investment instruments in the Indian market. While a REIT comprises a portfolio of commercial real assets, a major portion of which is already leased out. An InvIT comprises a portfolio of infrastructure assets such as highways and power transmission assets.Image: The amendments have been made in a bid to increase funds for the real estate and infrastructure sectors. Also read: A whole new chapter in public funding Also read: An Infra-Nirbhar Budget

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..