A Dubai based Real Estate Investment Trust manager is looking forward to expand its operations in the Indian market for various sectors including commercial real estate.

The Equitativa Group feels that the Indian market presents the right opportunity for REITs, given that economy is doing well and the regulations around the asset class are conducive.

In a report by LiveMint today, Abdul Wahab Al-Halabi, group chief investment officer said, "In India, the laws are already written and the regulators have been quite proactive in terms of amending and tweaking them for the local market. In India, we see our niche to come in as an independent asset manager because there are a very few of us around. It is one of the most attractive markets, a booming economy, generally on an upswing, institutionalizing very quickly."

REITs are entities that invest in real estate, allowing developers to raise funds by selling completed, rent-yielding buildings to investors.

Source