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REIT Market Cap in India Soars to ₹1.73 Lakh Crore Since FY20

NEW DELHI: The market capitalization of India’s listed real estate investment trusts (REITs) has surged over six times to approximately ₹1.73 lakh crore in the first nine months of FY26, up from ₹27,100 crore in FY20, as reported by CBRE. This growth follows the introduction of India’s first REIT in 2019, driven by new listings and an increase in unit prices of existing REITs. Currently, five REITs are listed on Indian stock exchanges, including Knowledge Realty Trust REIT, which launched in August 2025. The report indicates that the other four REITs experienced over 20% year-on-year unit price growth between Q3…