Since the first REIT listing in 2019, India's Real Estate Investment Trust and Infrastructure Investment Trust market has grown dramatically. As of mid-2026, REITs and InvITs together hold over ₹3.5 lakh crore in assets.
What makes REIT/InvIT trusteeship unique?
Unlike traditional debenture trusteeship, REIT/InvIT trustees deal with:
- Long-tenor real assets with complex valuation cycles
- Related-party transaction approvals (often the trickiest area)
- Unit-holder protection in publicly-traded structures
- Coordination with multiple service providers (managers, valuers, lenders)
Emerging best practices
Based on our experience across 12 REIT and InvIT mandates, we've identified several emerging best practices that strengthen unit-holder protection.
