Global real estate investors will soon be able to invest in real estate and infrastructure in India, as Real Estate Investment Trusts (REITs) are expected to make their debut in the world’s largest democracy. Next year, Blackstone is expected to offer its first issuance of these securities, a development that could pave the way to boost India’s broader market for properties.
REITs were created in the United States in the 1960s, and are a significant conduit for investment into U.S. real estate today. The securities offer investors special tax considerations and typically provide steady dividend yields. Other countries, including Australia, Hong Kong, Japan, Singapore and the United Kingdom, have followed and created their own market for REITs.
