The recent measures announced in the Union Budget granting tax exemption on interest, dividend and capital gains to sovereign wealth funds investing in infrastructure will further boost investments in affordable housing and logistics, says JLL Research.
Sovereign wealth funds (SWF) are state-owned investment funds commonly established with revenues generated from trade surpluses, central bank reserves, currency operations, privatisation and transfer payments.
According to the property consultant, sovereign funds hold USD 29 billion of assets under custody (AUC) as of December 2019 in the country, of which, real estate and warehousing account for 22 per cent, amounting to USD 6.6 billion.
"These funds have been playing a pivotal role in investments globally with estimated AUM of USD 8.1 trillion as of 2019. Investments by SWF in India improved sharply as a result of various policy measures introduced to attract foreign investments," JLL India CEO and Country Head Ramesh Nair said.
He ..
