Indian Government Removes Double Tax on REITs

The launch of REITs in India appears to be closer to a reality following news on Feb. 29 that the government has taken steps to ensure that REITs and infrastructure investment trusts (InvITs) are only taxed once.

Market observers in India expect a limited number of REIT listings in the country this year. According to the Asia Pacific Real Estate Association (APREA), the potential Indian REIT market is valued at approximately $20 billion.

(Contact: Dara Bernstein at dbernstein@nareit.com)

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