New Delhi, Sept. 22 -- India's Real Estate Investment Trust (REIT) market value rose 62 per cent to USD 17.7 billion, overtaking Hong Kong for the first time to become Asia's fourth-largest REIT market by value, with further portfolio expansion expected to support its growth, according to a report by Cushman & Wakefield in March 2026, from USD 11 billion at the end of 2024, the report said.

The market comprised seven REITs, including two small and medium REITs (SM REITs). Six REITs together held around 178 million sq ft of listed portfolio space as of June 2026, with another 36.7 million sq ft under construction or planned.

The expansion has been supported by new listings, with Knowledge Realty Trust and Bagmane Prime Office REIT adding...