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India Plans to Open $20 Billion REIT Market: Real Estate

India is laying the groundwork to make real estate investment trusts tax-exempt and allow them to trade on public exchanges, a move that may help unlock as much as $20 billion of listings.

Regulations on taxation will be amended, Finance Minister Arun Jaitley said on July 10, and the stock-market regulator is preparing to allow REITs to be traded on exchanges, according to Edelweiss Securities Ltd.