“India approved the setting up and listing of real estate investment trusts as the nation seeks to unlock a $20 billion market. The trusts, or REITs, will have to own assets worth at least 5 billion rupees ($82 million). Investors must put in a minimum 200,000 rupees. Final notifications would be issued soon to make the new rules for REITs effective. The introduction of REITs will provide a new source of funding for cash-strapped developers that are struggling to reduce debt amid one of the highest interest rates in Asia and economic growth near the lowest in a decade. The products will give investors the ability to participate in the country’s property market without investing directly.”
http://www.bloomberg.com/news/2014-08-10/india-sets-norms-to-open-20-billion-reit-market.html
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