14 hrs ago

India Becomes Asia’s Fourth-Largest REIT Market, Cushman Says

A REIT is a company that lets people invest in income-producing property.

A new report says India’s REIT market grew significantly.

Its value reached $17.7 billion by March 31, 2026.

This put India just ahead of Hong Kong in Asia.

Japan, Singapore, and the Chinese mainland still had larger markets.

India had seven REITs at the end of March, including two smaller-market REITs.

Two new REITs added many office properties to the market.

Office buildings remained popular because multinational companies and global capability centres continued to demand space.

Key facts

India’s REIT market value: $17.7 billion as of March 31, 2026, up from $11 billion at the end of 2024.
Asia-wide REIT market: $279.4 billion across 289 active products as of March 31, 2026.
India’s regional ranking: Fourth-largest in Asia by market value, narrowly ahead of Hong Kong’s $17.4 billion.
Largest Asian markets: Japan: $101.4 billion; Singapore: $76.7 billion; Chinese mainland: $32.1 billion.
India’s listed REITs: Seven as of March 31, 2026, including two small and medium REITs.
India’s property holdings: Around 178 million square feet held by six listed REITs as of June 2026, with 36.7 million square feet under construction or planned.
New Indian listings: Knowledge Realty Trust and Bagmane Prime Office REIT added a combined 53.7 million square feet.

CNBC TV 18 · 14 hrs ago