Aprea bemoans lack of progress on Reits in India

One might think that the Asian Public Real Estate Association (Aprea) setting up a chapter in India last month is a precursor to imminent developments in the country's real-estate investment trust (Reit) market. But there doesn't appear to have been much progress on putting a Reit framework in place since early 2008, when draft rules were issued by the Securities and Exchange Board of India (Sebi). Singapore-based Aprea chief executive Peter Mitchell says there's no indication it wi…