“As the real estate market in India matures, driven by both regulatory and market forces, we expect PE capital to play an even greater role. Creation of public markets for commercial assets in the form of REITs (Real Estate Investment Trusts) and sale of distressed assets by banks to reduce non-performing assets are some of the drivers that would attract a lot of foreign capital into India’s property market,” said Rajeev Bairathi, ED & Head of Capital Markets, Knight Frank India.