NEW DELHI: The finance ministry is looking at innovative Real Estate Investment Trusts (REITs) model for sale of land assets of CPSEs and also those which are classified as 'enemy property' by the government. Under this REITs model of securitisation, the land assets will be transferred to a trust providing investment opportunity for institutional investors. The finance ministry is looking at the REITs model along with other modes like leasing or outright sale of land assets for monetising non-core assets of Central Public Sector Enterprises (CPSEs) which have been identified for strategic disinvestment, an official said. The ministry is also considering REITs model for monetisation of immovable enemy property. Enemy property refers to the assets which were left behind by people who migrated to Pakistan or China and are no longer citizens of India.

Source: Mint April 19, 2019 12:22 UTC