Very early days in India. The number of public listed REITs is very high for a market like US (a google search showed 225 listed (American Tower, one of the 5 biggies in REITs, got listed only in 2012)…not sure, how much is actively traded., compared to our 3 in India. So, it will take a bit more time to atleast get to about 10-15 to get some critical mass before an ETF can emerge.
PS - side bar conversation. One of the fastest field where REIT growth is in hospitals. Medical properties Trust REIT for example is in multiple countries and they made use of the expansion needed during Covid. In a developing country like India, where healthcare is still at nascent stage, I feel that trusts will look out to this field.
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