India years away from Reits

The underlying real estate market and the regulators aren''t ready for investment funds, says analyst.

Although members of India's fund management industry are keen to keep up with East Asian markets that have jumped on the Reit bandwagon, the Indian market is several years away from introducing any real estate investment funds, says Alokita Jha, analyst at San Rafel, California-based Roulac Global Funds. Jha, who is based in Hyderabad, provides research to Roulac's recent global real estate fund.

Speaking at a FundsWorld conference in Mumbai, Jha says the government rejected...

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