Mumbai:The tax sops proposed in the Budget for REITs (real estate investment trusts) can help realise a potential USD 96 billion by listing the occupied commercial real estate across offices, retail and warehousing segments over the next few years, according to analysts and industry leaders. According to a report prepared by KPMG, Knight Frank and Hariani & Co, nearly USD 96 billion worth or 1.41 billion sq.ft of occupied commercial real estate across the country, with the top seven metros forming a major part of it, can be listed on the REITs platform.

However, the major hurdle in tapping the potential is certain regulations and tax-related issues which the government needs to tackle to make REIT successful, KPMG India partner Punit Shah said in a note. “The REITs could have a large opportunity in the real estate market with a growing economy, existing portfolio of commercial real estate and cond

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