REIT is a company that owns, operates or finances income-producing real estate. : Commercial real estate in India has a new hope on the horizon after seeing the success of it first real estate investment trust (REIT). The Embassy Office Parks REIT, a joint venture between the Bangalore-based property developer and private equity firm Blackstone was oversubscribed and successfully raised Rs 4,750 crore from the primary market last week and has been listed finally. One can say that this is an opportune time for REITs to make a grand entry in India.