What is the current penetration of REITs in India's office market?

Currently, less than 20% of India's Grade A office stock is housed under REIT structures.

How has the Indian REIT market capitalized since its last listing?

Following its fifth listing in 2025, the Indian REIT market reached a total capitalization of about $18 billion.

What future growth areas are predicted for Indian REITs?

Future growth is expected in office, retail, hospitality, and warehousing sectors, with new REITs anticipated in the coming years.

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India REIT Market Poised for Major Growth

24 Dec, 2025

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Summary

Less than 20% of India's Grade A office stock is in REITs.
India's REIT market capitalization reached $18 billion.
REITs are seen as equity instruments focusing on dividends and growth.

India REIT Market Poised for Major Growth

India's Real Estate Investment Trust (REIT) market is on the cusp of significant expansion, with a vast portion of the country's Grade A office stock yet to be integrated into REIT structures. Currently, less than 20% of this valuable asset class is held within REIT portfolios, indicating a substantial runway for future growth and listings.

The REIT segment has gained considerable momentum, evidenced by its fifth listing in 2025, which propelled the total market capitalization to approximately $18 billion. Investors are increasingly recognizing the inherent value of these annuity-generating commercial assets, viewing them as equity instruments driven by dividends and total growth, rather than mere debt substitutes.

Experts anticipate a surge in new REIT listings over the next three to four years, extending beyond office spaces to include retail, hospitality, and warehousing sectors. Demand for Grade A commercial real estate remains robust, fueled by institutional investors seeking income-generating properties, though limited supply in prime locations is driving up asset prices and compressing yields.