InvIT and REIT are completely different products -- different assets, different terminal value, different growth prospects. Real estate leases in India have contractual annual growth, market growth, renewal upside, growth through new buildings and upgrades. With the global REIT industry estimated at $1.7 trillion in a 2016 EY report, a successful launch would unlock a key source of capital for India's real estate developers. "At the moment we are assessing seven different special purpose vehicles for possible inclusion or exclusion into a REIT structure. It's not certain that we will take seven, but we are working on documentation around seven different assets, which are in multiple cities.

Source: Economic Times January 25, 2018 16:41 UTC