Blackstone to Offer India’s First REIT

Real Estate Investment Trusts (REITs) are expected to make their debut in India next year,  when New York-based Blackstone Group is expected to offer its first issuance of these securities enabling global  investors to invest in real estate and infrastructure in India.

REITs offer investors special tax considerations and typically provide steady dividend yields, and the gains they could bring to India will be unique in the way of adding credibility to the country’s real estate investment market.  Further, these will enhance the transparency and governance of the property market reports Fortune. Foreign funds have increasingly invested into class A office, retail and logistics properties at attractive entry price points.

Real Estate

India will introduce legislation for infrastructure investment trusts (InvITs) where the securities focus investments on infrastructure assets, such as toll roads and airports. A functioning InvIT market is complementary to a successful REIT market.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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