India's Prime Office Stock of Rs 4.5 Lakh Crore Tapped for REITs
India’s commercial real estate market is set to transform with Rs 4.5 lakh crore worth of prime office stock being offered to Real Estate Investment Trusts (REITs), according to a recent report.
ReitsCommercial Real EstateIndiaPrime Office StockReal Estate InvestmentReal Estate NewsDec 03, 2024
Frequently Asked Questions
What is the current state of India's REIT market?
India's REIT market is currently in its early stages, with only four listed REITs covering an area of 125 million square feet across the retail and office markets.
How much prime office stock is available for REITs in India?
India offers Rs 4.5 lakh crore worth of prime office stock for REITs, as per a recent Vestian report.
Which cities in India have the highest share of REIT-worthy stock?
Bengaluru leads with a 33% share, followed by Hyderabad (21%), NCR (15%), and Mumbai and Pune together (21%).
What is the significance of green-certified properties in the REIT market?
Nearly 67% of the total REIT-worthy stock in India is green-certified, highlighting the increasing focus on sustainability among Grade-A developers.
What are the key factors driving the growth of REITs in India?
The key factors include a favorable regulatory environment, better returns on investment, and a rapidly expanding office market.
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