'Challenges ahead for India's mortgage-backed security sector'
However, despite the constraints, some of the positive trends have emerged in recent years, particularly the creation of real estate special purpose vehicles (SPVs). That would remove many issues related to property transfers, Moody's said.
The report highlighted the fact that the new Basel II regulations could place CMBS on a favourable footing equal to that of plain loans.
Regarding investor base, the report said it could be "broadened by the creation of REITs (real estate investment trusts) and Real Estate Mutual Funds".
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IANS
Reader’s comments
Comment 1: hearing things like REITS and SPV's dissappoints me, it is these vehicles and many like them that are part of the global property unwind. To take known bad practice to promote property in India is a mistake. Creating a solid banking base with access to all people along with a vibrant economy and proper (and fast) title creation and rights would serve the Indian property market and wider economy muhc better.
Posted by : karl deeter - Tuesday, May 13, 2008
Posted by : karl deeter - Tuesday, May 13, 2008
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