Regulatory Alerts2021-11-17
Added · Updated
Real Estate Investment Trust (REIT) Regulations-2015 (Consolidated)
The Securities and Exchange Commission of Pakistan establishes the Real Estate Investment Trust Regulations, 2015, to govern Non-PPP, PPP, Developmental, Hybrid, and Rental REIT Schemes. The regulations define eligibility criteria for Real Estate Management Companies, requiring a minimum paid-up capital of 50 million rupees, and specify the appointment of Trustees and Special Purpose Vehicles. They mandate detailed disclosure requirements, including business plans, valuation reports, and information memorandums, while setting territorial limits and due diligence obligations for real estate transfers.
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