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REIT market in India sees room for growth as just 23 per cent of REIT-worthy office stock listed
Updated On: 19 June, 2025 01:22 PM IST | | mid-day online correspondent
From 2023 to Q1 2025 alone, 106.4 Mn sq. ft. of new Grade A office space have been added across major cities. ANAROCK notes that out of the 850 Mn sq. ft. of total Grade A office inventory in these cities, nearly 47 per cent (400 Mn sq. ft.) is over a decade old and ripe for upgradation to REIT standards, potentially unlocking further listings
Mindspace Business Parks REIT delivered a 23.34 per cent annual return. Pic/ ANAROCK Research
Despite a strong trajectory since the launch of Real Estate Investment Trusts (REITs) in 2019, India’s REIT landscape remains largely underpenetrated. According to the latest data by ANAROCK Research, only 23 per cent of the total REIT-worthy office stock, estimated at around 520 million sq. ft. across the top seven cities, is currently listed under existing REIT portfolios.
Anuj Puri, Chairman of ANAROCK Group, highlighted the untapped potential, “The three listed REITs in India—Embassy Office Parks, Mindspace Business Parks, and Brookfield India—currently manage a combined office portfolio of 117.2 million sq. ft., reflecting just a fraction of the total REIT-able space. This points to considerable headroom for further listings and market consolidation.”
Southern cities hold the largest REITable stock.
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