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.
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.