Real Estate Investment Trusts (REITs) are likely to become a reality in India soon, with the removal of Dividend Distribution Tax. This move is expected to offer commercial developers a liquidity option and retail investors an opportunity to participate in office realty market’s growth. As of now, the dividend distribution tax (DDT) was chargeable at 15% for REITs. Though it removes a major road block and making these investments attractive for investors but this decision needs to be viewed from a long term perspective and after evaluation of other aspects of REIT structure.
Read more: Economic Times
