Real Estate Investment Trust

Question 1

Which group along with whom filed for REIT ?

Answer 1

Blackstone Group +

Embassy Office Parks

Question 2

Is this India’s first prospectus ?

Answer 2

Yes

Question 3

What are REIT ?

Answer 3

Listed entities that own properties

Question 4

What kind of properties does REIT own ?

Answer 4

Office Parks, Hotels, Buildings, etc

Question 5

What norms regulate REIT ?

Answer 5

SEBI and RERA, 2016

Question 6

Which funds do REIT function like ?

Answer 6

Mutual Fund

Multiple investors and dividends are returned

Question 7

What is the SEBI regulation to REIT regarding returns to investors ?

Answer 7

At least 90% of income should be returned to investors every 6 months

Question 8

What is the minimum investment amount for investors in SEBI regulations ?

Answer 8

2 laks rupees

Question 9

What is the RERA regulation for REIT regarding funds for a project ?

Answer 9

70% of the funds for a project must be in seperate account and should be used for development of project only

Question 10

Full form of RERA

Answer 10

Real Estate Regulation and Development

Question 11

When was RERA Act passed ?

Answer 11

2016

Question 12

What body was required to hear appeals against RERA ?

Answer 12

Real Estate Appellate Tribunals

Question 13

What does RERA intend to regulate ?

Answer 13

Transactions between buyers and promoters of real estate developers

Question 14

Who creates the Real Estate Regulatory Authority ?

Answer 14

The states and UTs

Question 15

Composition of Real Estate Regulatory Authority

Answer 15

Chairperson and at least two full time members