India, Sept. 12 -- The Real Estate Investment Trust (REIT) market in India has grown steadily since its first listing in 2019, reaching a market capitalization of about $18 billion as of August 2025. With three more REITs expected over the next few years, India is projected to surpass $25 billion in market capitalization by 2030, a report by Credai and Anarock has said.

Despite REIT guidelines being introduced in 2014 and the first listing only in 2019, the Indian REIT market accounts for just 20% of institutional real estate, far below the USA (96%) or even Asian peers like Singapore (55%) and Japan (51%). This limited penetration is largely because Indian REITs are so far concentrated in Grade A commercial office assets, which offer sc...