The case ‘REITs: An Indian Real Estate Euphoria’ primarily aims to educate the students about the investment opportunities in Indian Real Estate Industry. The case aims to educate the students about the Indian Real Estate landscape, the risks, opportunities, and challenges associated when one decides to invest in real estate. The case briefly discusses the real estate market in India and then explores the evolution of REITs in India and the US. The case then proceeds to focus on various aspects related to REITs investment in detail. Areas covered include different types of REITs, its key drivers, advantages of REITs and risks associated with it. A section highlighting the implication on the tax of a retail investor is also discussed to bring more awareness to this crucial aspect. Salient rules regarding capital gains, rental income, dividend, and interest income are mentioned. Later, some key relationships between REITs and macro-economic conditions are touched upon, so as to stir curiosity among interested students who can delve deeply into the subject later.