Explain and compare Real Estate Investment Trust and Infrastructure Investment Trust.

Real Estate Investment Trust (REIT) 'REIT' or 'Real Estate Investment Trust' shall mean a trust registered as such under SEBI (Real Estate Investment Trust) Regulations, 2014. The Regulations provide a positive push to the Indian Capital Markets and Real Estate & Infrastructure sectors. It also creates liquidity to some extent for Real Estate and Infrastructure players. Further, it intends to provide investors an opportunity to invest in Indian stabilized assets through an Indian listed platform. It has parties such as trustees, sponsors and managers. The REIT can raise funds through an initial offer. Infrastructure Investment Trust (InvIT) The activities of the Infrastructure Investment Trusts in the Indian capital market are regulated by SEBI (Infrastructure Investment Trusts) Regulations, 2014. 'InvIT' or 'Infrastructure Investment Trust' shall mean the trust registered as such under these regulations. The regulations intend to encourage and invest in infrastructure project only directly or through special purpose vehicle. It has parties such as trustees, sponsors, investment managers. The infrastructure investment trust can raise capital from both domestic and foreign investors. The investment manager is required to submit valuations reports to the designated stock exchange within 15 days from the receipt of such valuation reports. Comparison: Both REITs and InvITs are collective investment vehicles that allow investors to invest in real estate and infrastructure assets, respectively, and earn income from them. They are structured as trusts and regulated by SEBI. The key difference lies in the underlying assets they invest in: REITs focus on income-generating real estate, while InvITs focus on infrastructure projects.