India’s REIT Market Surpasses ₹2.3 Lakh Crore Asset Value
NEW DELHI: India’s Real Estate Investment Trust (REIT) market has developed into a significant institutional asset class, with a gross asset value (GAV) reaching approximately ₹2.3 lakh crore and the equity market capitalisation nearing ₹1.66 lakh crore as of September 30, 2025, as reported by Anarock Capital. Despite only about 32% of India’s REIT-eligible commercial stock being listed, the domestic REIT market has outperformed Hong Kong in market capitalisation, highlighting rapid growth since the first listing in 2019. Following Knowledge Realty Trust’s listing in August 2025, India now boasts five listed REITs that manage a combined portfolio of around 176…