Archive · 8 Sep 2026
India’s Operational Office REIT Portfolio Jumps 74 Percent
Real estate investment trusts, or REITs, let investors own parts of large property portfolios.
In India, office buildings held through REITs grew substantially in the first half of 2026.
The portfolio reached 167 million square feet, up from 95.8 million square feet a year earlier.
Retail REITs and warehouse infrastructure trusts also held sizable properties.
Bengaluru had the largest share of office space backed by REITs among major markets.
Hyderabad and Mumbai followed, while Ahmedabad had the smallest reported share.
More office space is being built for these listed REIT platforms.
The report said these structures help property owners sell assets and bring in more institutional investors.
India’s operational office REIT portfolio grew 74% year-on-year to 167 million sq ft in H1 2026.
The operational retail REIT portfolio reached 11 million sq ft, while warehousing InvIT assets reached 44.2 million sq ft by June 2026.
Operational office REIT assets represented 16% of India’s reported 1.05 million sq ft office stock.
Bengaluru led major office markets with 67.6 million sq ft of REIT-backed space, covering 27% of its office inventory.
Listed office REIT platforms had 36 million sq ft under construction, with Bengaluru accounting for 16.3 million sq ft.
- Who
- India’s listed real estate investment trusts and infrastructure investment trusts, as covered by an ASSOCHAM–Knight Frank India report; Knight Frank India Chairman and Managing Director Shishir Baijal also commented.
- What
- India’s operational office REIT portfolio increased 74% year-on-year to 167 million sq ft in H1 2026.
- When
- H1 2026, with asset figures reported as of June 2026.
- Where
- India, led by the office markets of Bengaluru, Hyderabad and Mumbai.
- Why
- REITs and InvITs are being used to monetise, aggregate and recycle capital across real estate and infrastructure-linked assets.
- Operational office REIT portfolio
- 167 million sq ft in H1 2026, up from 95.8 million sq ft in H1 2025
- Operational retail REIT portfolio
- 11 million sq ft as of June 2026
- Warehousing InvIT portfolio
- 44.2 million sq ft as of June 2026
- Office REIT construction pipeline
- 36 million sq ft under construction
- Leading market
- Bengaluru, with 67.6 million sq ft of REIT-backed office stock
- Bengaluru coverage
- REIT-backed space accounted for 27% of Bengaluru’s office inventory
- Other major markets
- Hyderabad had 26.2 million sq ft and Mumbai had 24.6 million sq ft of REIT-backed stock