New Delhi, July 17
India’s office real estate investment trust (REIT) markets outperformed the BSE Realty Index, recording over 15 per cent capital appreciation in last 12 months (up to June 2025), a report showed on Thursday.
The key driver has been the underlying strength of India’s office real estate market, triggered by heightened demand from global capability centres (GCCs), engineering and manufacturing, and BFSI firms. There has also been a growing preference among occupiers for premium grade assets, thereby significantly benefiting REITs, said Cushman & Wakefield’s ‘Asia REIT Market Insight 2024-25’.
India’s REIT markets showed robust growth in 2024 and are expected to continue to attract strong investor interest this year.
The financial year 2024–2025 (ending March 2025) was a strong one for India’s office REITs. The three office REITs collectively garnered leasing volumes of more than 16 million square feet, which accounted for close to a fifth of the gross leasing volume (GLV) across the top eight cities in the country.
As of June 2025, the Indian REIT market comprised three office REITs and one retail REIT, collectively managing an operational portfolio of over 105 million sq. ft.