Crisil: Commercial Office REITs’ Leasable Area to Rise 25-30% by FY28
NEW DELHI: The leasable area for domestic commercial real estate investment trusts (REITs) is forecasted to grow by 40-45 million sq ft, reaching 190-195 million sq ft by the end of the next fiscal year, as reported by Crisil Ratings. This growth will be fueled by planned additions from existing REITs as well as the recent launch of a new REIT, according to the rating agency. About 16 million sq ft of the projected increase will stem from the newly listed REIT. The agency indicated that inorganic expansion through acquisitions will lead the way for REIT growth, as this mitigates…