Overview
- REITs account for 19% of India’s listed real estate value versus a 57% global average, highlighting significant headroom, according to Vestian.
- Office assets anchor the market with listed portfolios over 135 million sq ft, typical yields of 5–7%, nearly 500 million sq ft deemed REIT‑worthy, and about 34 million sq ft already in pipelines.
- Bagmane Prime Office REIT has filed draft papers for an IPO of up to Rs 4,000 crore, which would create a sixth listed REIT if the issue succeeds.
- Retail remains underrepresented with Nexus Select Trust as the only retail REIT and roughly 10.6 million sq ft under REITs, with two to three new retail listings expected over the next three to five years.
- Vestian sees the next leg of growth in data centres, logistics, industrial parks, and warehousing, while residential remains a longer‑term prospect due to 2–3% rental yields, fragmented ownership, and policy gaps.