
ISLAMABAD: Security Exchange Commission of Pakistan (SECP) today (Tuesday) has amended the Real Estate Investment Trusts Regulations 2015 and has introduced a new framework for Public-Private Partnership (PPP) under REIT.
According to the details, the new amendments have made changes to the existing regulatory framework in which disclosure-based issuance has replaced approval-based issuance.
Furthermore, the new regulatory framework is designed to lessen the entry barriers for new REITs and to increase foreign investment in the real estate sector.
As per the notification, the documentation and system of approvals have also been made easier for the new REITs. A REIT Scheme has been made eligible to invest directly or by acquiring the shares of the company.
Simultaneously, SECP has also made changes to the SPV model in which the condition of transfer of title has been omitted.
The commission has also allowed PPP REITs to develop new infrastructure projects in consortium with the government.
For news and blogs, visit Graana.com
The 19th Real Estate Development Summit Saudi Arabia – Luxury Edition concluded after two days…
Islamabad: The Shaheen Chowk underpass is expected to be inaugurated next week after nearing completion,…
Dubai’s luxury real estate market has reached a new milestone in 2025, with a prime…
Karachi: Sindh Chief Minister Syed Murad Ali Shah has approved a development package worth PKR…
Islamabad: The Capital Development Authority raised PKR 13.52 billion on the opening day of its…
Riyadh: Saudi Arabia will allow foreigners to own property in the Kingdom starting in 2026…