Archive · 31 Jan 2026
India's REIT Market Expands with Office Assets
India's REIT market is growing fast.
Right now, it's worth ₹2.3 trillion and includes office and retail properties.
There's a big chance to grow, especially in offices, where high-quality buildings could add ₹5.9 trillion more.
Retail malls and shops also offer a ₹2.8 trillion opportunity.
Plus, new buildings being built or planned add another ₹2.1 trillion.
Small and Medium REITs (SM REITs) can unlock even more money, about ₹3.2 trillion, by investing in parts of well-managed properties.
This means more people can invest in real estate in the future.
India's operational REIT market is currently valued at ₹2.3 trillion, with significant growth potential in office assets worth ₹5.9 trillion.
Retail REITs present a substantial opportunity of ₹2.8 trillion across top seven cities, with large and mid-sized malls and high-quality neighbourhood retail formats.
Upcoming high-quality supply of office and retail properties in top seven cities is valued at ₹2.1 trillion.
Small and Medium REITs (SM REITs) unlock an estimated ₹3.2 trillion in additional opportunities by enabling investments in partial assets.
The REIT universe is expected to witness significant expansion in new listings over the next five to seven years.
- Who
- JLL
- What
- Report on India's REIT market expansion
- When
- Not specified
- Where
- India, with focus on top seven cities
- Why
- To analyze REIT performance and growth potential in India's real estate market
- Current REIT Market Value
- ₹2.3 trillion
- Office REIT Opportunity
- ₹5.9 trillion
- Retail REIT Opportunity
- ₹2.8 trillion
- Upcoming High-Quality Supply
- ₹2.1 trillion
- SM REIT Opportunity
- ₹3.2 trillion
Sources
Bengaluru dominates India’s REIT stock; market seen expanding into new asset classes
India’s Retail Sector Rebound: Leasing Volumes Hit a Three-Year Peak in 2025
Office assets hold ₹5.9 trillion opportunity as India’s REIT market expands
