₹2.5 Lakh Crore Industry Nobody Talks About: REITs, 14% Returns | Paisa Vaisa | Anupam Gupta

In this episode of Paisa Vaisa, Anupam Gupta talks to Preeti Chheda CFO of Mindspace Business Park and Executive Committee Member of the Indian REITs Association for the most comprehensive conversation on Real Estate Investment Trusts (REITs) in India. Here's what you'll learn: 📌 How REITs work — pooled investment trusts holding commercial real estate that pay out 90%+ of cash flows as income 📌 Three income streams — tax-free dividends, taxable interest & return of capital (with Form 64B for every unit holder) 📌 Performance — total returns of 14-16% historically. Mindspace REIT went from ₹275 (Aug 2020) to ₹490+ (Feb 2026) 📌 REITs vs Physical Property — ₹500 entry, instant liquidity & professional management vs 10-11% transaction costs, illiquidity & active headaches 📌 SEBI's regulatory framework — 80% rent-generating assets, 49% leverage cap, half-yearly reporting & NAV disclosure 📌 What's changing — from July 2026, REITs classified as equity for mutual funds, unlocking index inclusion & passive fund flows 📌 How to evaluate a REIT — NOI growth, NDCF track record, tenant quality, occupancy, city diversification & WALE Whether you're exploring alternatives to FDs and physical property or building a diversified portfolio this episode gives you the complete REIT playbook with data, regulation & a practical buying checklist. 🔔 Subscribe for more deep dives into investing, wealth building & financial planning in India. 🎧 Listen on Spotify, Apple Podcasts, Amazon Music, JioSaavn, Gaana & more 📺 Watch full episodes right here on YouTube 🌐 Explore more at ivmpodcasts.com Connect with Anupam Gupta: Twitter: @b50 | Instagram: @b_50 | LinkedIn: Anupam Gupta Follow IVM Podcasts: @ivmpodcasts on Facebook, Twitter & Instagram Chapters 0:00 - Real Estate's Smarter Alternative 1:25 - Preeti Chheda's 25-Year Journey 3:27 - How Indian REITs Association Formed 7:44 - What Is a REIT? Explained Simply 10:38 - 3 Income Streams For Unit Holders 13:31 - Taxation: The Real USP 15:18 - Historical Yields & Total Returns 17:19 - India's 5 REITs Today 18:35 - SEBI's Game-Changing Equity Reclassification 21:26 - REITs vs Buying Physical Property 26:03 - Liquidity: Sell Real Estate Instantly 42:33 - How To Compare & Buy REITs