India, Aug. 21 -- For years, India's REIT story has been closely associated with one asset: the office.

That is beginning to change.

The rise of organised retail, premium consumption and experience-led shopping is opening another avenue for the listed real-estate market. Instead of thinking about REITs purely as a way to participate in India's office economy, investors are increasingly looking at how the country's changing consumption habits could reshape the assets held by these trusts.

The shift is visible in the retail property itself.

According to CBRE India's India Retail Market Outlook 2026, organised retail is expected to expand through a pipeline of investment-grade malls, while high streets are evolving into more sophisticate...