The Securities and Exchange Board of India (SEBI) has reclassified Real Estate Investment Trusts (REITs) as equity instruments, a move poised to transform regulatory treatment, investor perception, and portfolio allocation strategies. Under the revised classification, REITs will be treated similarly to listed equity securities for disclosure, taxation, and investment norms. Analysts highlight that this shift could enhance market participation, increase liquidity, and attract institutional investors seeking equity-like returns with real estate exposure.