SM REITs Set to Revolutionize India's Commercial Real Estate Market
India's commercial real estate market is poised for significant growth, with SM REITs expected to play a key role. Cities like Mumbai, Delhi-NCR, and Bengaluru are leading the charge, with additional cities like Pune, Kolkata, and Chennai also contributin
Sm ReitsIndiaCommercial Real EstateCbre South Asia Pvt LtdMumbaiDelhincrBengaluruHyderabadPuneKolkataChennaiReal Estate PuneSep 05, 2024
This growth is expected to be driven by the increasing demand for commercial office space, particularly in cities like Mumbai, Delhi-NCR, and Bengaluru. Mumbai, in particular, is leading the charge, with a potential SM REIT-ready completed office stock of 75 million sq. ft. as of June 2024. The city is also expected to see an additional 10 million sq. ft. of impending supply by 2026.
Delhi-NCR follows closely, with over 70 million sq. ft. of completed office stock, while Bengaluru and Hyderabad have recorded 50 million sq. ft. and 30 million sq. ft., respectively. Additional cities like Pune, Kolkata, and Chennai are also expected to contribute to the growth, with 25 million sq. ft. of completed supply and an additional 14 million sq. ft. expected by 2026.
The growth of SM REITs is expected to have a significant impact on the Indian commercial real estate market, providing investors with a new and innovative way to invest in the sector. With the market expected to comprise over 300 million sq. ft. of completed commercial office space by 2026, SM REITs are poised to play a key role in shaping the future of India's commercial real estate landscape.
The current total completed office stock in India stands at over 800 million sq. ft., with REIT-listed office inventory recorded at over 88 million sq. ft. As the market continues to grow, it is likely that SM REITs will become an increasingly important part of the Indian commercial real estate market.
Frequently Asked Questions
What is the expected market size for SM REITs in India by 2026?
USD 60 billion
Which city has the highest potential SM REIT-ready completed office stock?
Mumbai, with 75 million sq. ft.
How much additional office space is expected to be added in Mumbai by 2026?
10 million sq. ft.
What is the current total completed office stock in India?
Over 800 million sq. ft.
How much REIT-listed office inventory is currently recorded in India?
Over 88 million sq. ft.
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