India likely to see listing of four REITs in next 18 months; property stalwart Anshuman Magazine bullish on Indian prosperity

Singapore, May 26 (PTI) Singapore, May 26 (PTI) India is likely to see the listing of at least four Real Estate Investment Trusts (REITs) on bourses from the second half of this year through the end of next year or early 2025, depending on the performance of the stock markets, according to CBRE India head Anshuman Magazine.

REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets. It helps unlock the massive value of real estate assets and enables the participation of retail investors.

"REIT trade is definitely there to grow and we are expecting one to two REITs by the end of this year and there are some in the pipeline," Magazine, chairman and CEO for India, South East Asia, Middle East and Africa at CBRE, told PTI here.