*An eight-part series covering the commercial and legal
considerations of REIT listings in India.
Click here to read Part 1.
India is an outlier in global Real Estate Investment Trust
(REIT) regimes. It is the only country with
dedicated legislation for REITs and Infrastructure Investment
Trusts (while the US and Japan permit REITs to hold certain
infrastructure assets, there is no separate legislation). In a way,
this showcases the maturity of the regulatory thought process, and
it has already been recognised that there is a compelling case for
other developed jurisdictions to introduce a similar InvIT model,
which meets the needs of investors as well as protects existing
REIT legislation (Source: EY – Global
perspectives, 2018 REIT Report).
