REITs or Real Estate Investment Trusts are a category of investment that allows investors to invest in otherwise high valued Real estate and receive consistent income in the form of dividends. Finance Minister Nirmala Sitharaman in her budget speech on 1st Feb 2021 announced that the dividend on REITs is exempted from TDS in order to encourage investment from investors. This has brought the REITs investment to the spotlight. And for the information, REITs are new in the Indian investment forum but they are already popular among Other markets like the USA.
USA has launched the first REIT in 1961 and since then many markets have introduced REITs.
In India at present(as of Feb 14th 2021) there are Three REITs these are