CURRENT AFFAIRS

Detailed explanation-1: -Notes: SEBI provided an additional payment option of UPI or unified payments interface mechanism to retail investors to apply in the public issue of REITs and InvITs for application value up to Rs 5 lakh.

Detailed explanation-2: -The UPI ID can be used for blocking of funds and making payment in the public issue process. You can accept the request to block the funds for the amount you have bid by entering your UPI PIN in the mobile application.

Detailed explanation-3: -However, post-SEBI’s notification on July 30th, 2021, the minimum investment amount is between INR 10,000 to INR 15,000. The minimum lot size for REITs has also been reduced from 100 units to 1 unit in the same SEBI notification.

Detailed explanation-4: -India saw its first REIT (Real Estate Investment Trust) in 2019. Three years later there are now three (Mindspace REIT, Brookfield REIT, and Embassy REIT).

Detailed explanation-5: -REITs are listed and traded on stock markets just like Exchange Traded Funds (ETFs), as a result, purchasing units on the stock market is the best way to invest. Thus, a Demat Account is mandatory for investing in REITs in India.