The much-awaited Infrastructure Investment Trusts ( InvITs ) and Real Estate Investment Trusts ( REITs ) are likely to be launched in the country next year, says a study. REITs and InvITs helps to finance,develop and manage infrastructure that drives growth and productivity. Also they can facilitate the process of setting up large-scale housing for ordinary citizens,key workers and the disadvantaged. In short, these securitisation vehicles can help to build enhanced communities that will enrich hundreds of millions of lives across the sub-continent. "Currently, the market for REITs and InvITs is relatively nascent in the country. However, with various enabling factors such as the growth of the economy and the middle class, and a concomitant need for housing and infrastructure, the demand for these investment vehicles will see an upswing over the next few years," PwC Partner -Tax Abhishek Goenka said in a statement. He said the first InvIT is expected to be launched in March next year, while REITs by the end of 2017. As per PwC-APREA report,The REIT market has evolved substantially in several countries and these investment vehicles have gained immense -ely in terms of their market capitalisation. A primary condition for the growth of these markets, as demonstrated by the experience of different countries, is their ability to customize regulations governing these investment vehicles in conformity with domestic market conditions.In the near future,we expect REITs to increase the depth of the Indian property market through a sound regulatory framework which ensures transparency and high governance standards,and promotes regular monitoring of their performance. The market for REITs and InvITs is relatively nascent in India.However, with various enabling factors such as the growth of the economy and the middle class, and a concomitant need for housing and infrastructure, we are positive that the market for these investment vehicles will witness considerable growth in the near future. REITs were first introduced in the US in the early 1960s and have since then been adopted as a preferred investment mode across the world. Over the years, they have constructively changed the way in which the real estate market operates, benefitting investors as well as real estate developers.