Depository Receipts For REITs And InvIT: A New Investment Route Or An Additional Regulatory Layer
Tanisha Somani & Pallavi Pendse, University of Mumbai Law Academy
ABSTRACT
The paper elaborates upon the issuance of Depository Receipts against the two investment instruments - Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Firstly, the paper dives into the current market condition of Real Estate Investment Trust (REIT) and Infrastructure Investment Trusts (InvIT) showcasing actual financial data then we take look at the proposed Consultation Paper, elaborating upon Depository Receipts and its usage in India. Later comes a thorough analysis of the Salient features of the CP and the author’s view on the merits and demerits of this new proposed mechanism. This article is helpful for both the investors and the investment vehicles to dive deeper into the world of foreign capital for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
