India, Sept. 15 -- While Bengaluru leads in REIT penetration among major office markets, Hyderabad is emerging as the second most institutionalised commercial real estate markets, with REIT-backed assets accounting for 20% of its operational office stock, a report has said.

India's operational office REIT portfolio expanded 74% year-on-year (YoY) to 167 million sq ft in H1 2026, from 95.8 million sq ft in H1 2025, according to the ASSOCHAM-Knight Frank India report Building Viksit Bharat - Real Estate as a Catalyst for Growth.

Hyderabad has 129.1 million sq ft of operational office stock, of which 26.2 million sq ft is REIT-backed, almost 20%. The city's REIT-backed office stock more than doubled, rising 111% from 12.4 million sq ft in ...