India’s REITs just jumped past Hong Kong
New Delhi: India's real estate investment trust (REIT) market soared by 62% from the end of 2024 to March 2026, overtaking Hong Kong to emerge as Asia's fourth-largest REIT market by market value. According to an analysis by Cushman & Wakefield, fresh listings like Knowledge Realty Trust and Bagmane Prime Office REIT significantly boosted the portfolio size, adding a combined 53.7 million sq ft and comprising roughly three-quarters of the total new space integrated by six Indian REITs between June 2025 and June 2026.
Somy Thomas, Executive Managing Director, Capital Markets, India, at Cushman & Wakefield, noted that India's REIT market has reached a pivotal stage, bolstered by larger listed portfolios, robust occupancies, and a robust development pipeline. The demand from multinational corporations and Gulf Cooperation Council nations continues to favor high-quality, professionally managed office assets, while recent regulatory measures are broadening the investor base and enhancing access to financing.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
