Archive · 20 Aug 2026
India’s REITs Eye $50 Billion Assets as Eligibility Expands
REITs are companies that own buildings and earn money from renting them out.
Indian REITs have continued to perform steadily despite global tensions.
A report says more office space could become eligible to join the REIT sector by 2031.
This could increase the value of the sector from about $33 billion to more than $50 billion.
Office leasing in India reached a record level in the first quarter of 2026.
Occupancy in listed office REIT properties also rose to about 92% in FY26.
Companies called global capability centres were a major source of demand.
The report says strong demand, stable rent income and controlled borrowing could support future growth.
More than 150 million square feet of office space could become REIT-eligible in India by 2031.
CareEdge Ratings forecasts Indian REIT assets could grow from about $33 billion to over $50 billion.
Office leasing reached a record 29.9 million square feet in Q1 2026, up 6% year-on-year.
Average occupancy at listed office REITs rose from about 84% in FY24 to 92% in FY26.
Six listed REITs had combined gross asset value of nearly Rs 3.13 lakh crore as of May 2026.
- Who
- India’s listed real estate investment trusts and the broader Indian office real estate sector.
- What
- The sector is projected to expand as more than 150 million square feet of office space becomes REIT-eligible by 2031.
- When
- The report covers performance through Q1 2026 and May 2026, with forecasts extending to calendar year 2031.
- Where
- India, with Bengaluru recording the highest office transaction volume.
- Why
- Growth is supported by long-term leases, contracted rental income, diversified tenants, strong office demand, global capability-centre expansion and controlled leverage.
- Potentially eligible space
- More than 150 million square feet by calendar year 2031.
- Projected asset value
- More than $50 billion, compared with approximately $33 billion currently.
- Q1 2026 leasing
- 29.9 million square feet, up 6% year-on-year.
- Listed REITs
- Six listed REITs had a combined gross asset value of nearly Rs 3.13 lakh crore as of May 2026.
- Combined debt
- Approximately Rs 68,000 crore, largely linked to portfolio acquisitions and expansions.
- Occupancy
- Average occupancy rose from roughly 84% in FY24 to 89% in FY25 and about 92% in FY26.
- Global capability centres
- They contributed 48% of office transactions, up from 44% a year earlier.