RE in its Indian sense is a black box, even with the introduction of RERA, IBC etc, I am not confident about RE as a whole. So if in the future REITs grow and become a segment by itself, considering the size of our country, the demand for RE in general, and how fragmented RE is, if a lot of players issue CP, the probability of mishaps is more compared to other sectors and businesses is my limited point.
Like I said, just a hypothetical thought, a bit of food for thought for myself