Investors can expect to see listed property and infrastructure vehicles in India early next year, says Peter Verwer, CEO of the Asia Pacific Real Estate Association.
India's recent budget clarified tax regulations on real estate investment trusts but this may not be enough to compete with Singapore, which is consolidating its strong position in the Reit listings market.
Transaction volumes in the region jump 44% in the third quarter against a 15% rise globally. This upward trend is forecast to continue given Asia-Pacific’s share of investible real estate.
Thailand has moved quicker than expected on a new framework for real estate investment trusts that brings the market more in line with international rules.