Q:Is it true that incorporation of REIT under Foreign Exchange Management Act will fast-track developers & industry watchers listing in the domestic market?
Latest Answer: We are looking forward to seeing REITs launched in India in the coming year. Industry wide, there will be limits on what assets can be transferred to REITs. A significant part of that needs to be discounted for quality. We don't see the opportunity for significant non-office REITs, particularly residential, as the rental market is quite informal and break into pieces.
