India's REITs and InvITs AUM Soar to Rs 9 Trillion, Projected to Reach Rs 25 Trillion by 2030

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are gaining significant traction in India. According to industry bodies IRA and BIA, the combined assets under management (AUM) of these instruments have surpassed Rs 9 lakh crore in the last nine years. Projections by The Indian REITs Association (IRA) and Bharat InvITs Association (BIA) suggest that the AUM could reach Rs 25 lakh crore by 2030.

At present, there are five listed REITs in India: Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. These REITs have a market cap of around Rs 1.5 lakh crore, reflecting growing investor confidence in these instruments. REITs provide a way for investors to earn a share of the income produced by real estate without directly purchasing properties. By regulation, REITs are required to distribute at least 90% of their net distributable cash flows to unitholders.

Similarly, there are 27 Sebi-registered InvITs, with five of them publicly listed on stock exchanges and 23 privately listed. The first InvIT was registered in 2016, and the first REIT got listed in 2019. InvITs own, operate, and maintain revenue-generating assets in various infrastructure sectors such as roads, power transmission and generation, pipelines, telecoms, optical fibre, and warehousing.

On Friday, IRA and BIA, which jointly hosted their first product awareness programme in the national capital, highlighted that the AUM of InvITs currently stands at around Rs 7 lakh crore, while REITs have an AUM of Rs 2.25 lakh crore. Alok Aggarwal, IRA Chairman and MD & CEO of Brookfield India Real Estate Trust, emphasized that REITs are now firmly established as a mainstream product within the capital market. They have built a bridge between physical real estate and financial markets, ensuring transparency, regulation, and global competitiveness.

NS Venkatesh, CEO of BIA, noted that InvITs have emerged as a structured and transparent investment platform, well-suited to India's evolving infrastructure financing needs. With strong growth and investments in infrastructure sectors, InvITs have the potential to achieve an AUM of Rs 21 lakh crore by 2030. The IRA projects that the AUM of REITs could reach around Rs 4 lakh crore by 2030.

The distribution to unitholders is a critical aspect of these investment instruments. The IRA reported that four REITs have cumulatively distributed over Rs 24,300 crore to unitholders till Q1 FY26. Meanwhile, the BIA highlighted that InvITs have cumulatively distributed over Rs 68,000 crore to unitholders till March 2025.

These figures underscore the growing importance of REITs and InvITs in India's financial landscape. They offer investors a stable and predictable source of income, contributing to the overall development of the real estate and infrastructure sectors.