Could India’s REITs Market Capitalization Double by 2030?
Synopsis
India’s REIT market is on the verge of a remarkable transformation, with projections indicating a near doubling of market capitalization by 2030. This growth is driven by low current penetration and an evolving landscape that promises exciting investment opportunities across diverse asset classes.
Key Takeaways
Projected growth of India's REIT market capitalization from $18 billion to $25 billion by 2030.
19% penetration of listed real estate currently covered by REITs.
Diverse asset classes, including data centers and logistics, present new investment opportunities .
Potential for new retail REIT listings to increase market value to $6–9 billion .
Key cities like Indore and Coimbatore to influence the future of REIT development.
New Delhi, Jan 10 (NationPress) The market for Real Estate Investment Trusts (REITs) in India is on the brink of substantial growth, driven by its low penetration; currently, REITs only account for 19 percent of the nation's listed real estate worth, according to a report released on Saturday.
The analysis from Vestian, a real estate services company, forecasts that the market capitalization will nearly double, jumping from $18 billion in 2025 to $25 billion by 2030, while assets suitable for REITs in the office sector are expected to expand from Rs 8.2 trillion in 2025 to Rs 16 trillion.
With the global average of listed real estate value in REITs sitting at 57 percent, compared to India's 19 percent, there’s a clear opportunity for long-term expansion, the report suggests.
"With the growth of retail and alternative asset classes, India is strategically positioned to become one of the most vibrant REIT markets globally," stated the report.
The industrial and warehousing REIT and Infrastructure Investment Trust (InvIT) sectors are projected to grow from Rs 0.7 trillion to Rs 1.3 trillion by 2030, reflecting global trends where logistics and data centers are becoming core REIT subsectors.
Currently, India has five listed REITs, four of which focus on office assets and one on the retail sector.
As the market matures, classes of assets such as data centers, logistics, industrial parks, and warehousing present scalable, yield-generating opportunities that align with established global REIT markets, according to Shrinivas Rao, FRICS, CEO of Vestian.
The portfolios of listed office assets cover over 135 million sq ft, benefiting from stable leasing demand from Global Capability Centers (GCCs), tech companies, and BFSI tenants, which support reliable yields of 5–7 percent.
India boasts more than 1 billion sq ft of office stock, with around 500 million sq ft deemed suitable for REITs, plus an additional 34 million sq ft in development, the report indicates.
Anticipations include two to three new retail REIT listings in the next three to five years, with the retail REIT market likely reaching $6–9 billion by 2030, according to industry forecasts. Cities like Indore, Coimbatore, Surat, Chandigarh, and Bhubaneswar are expected to play a pivotal role in this diversified pipeline.
Point of View
The projected growth of the REIT market presents a significant opportunity for both investors and the broader real estate sector. By focusing on under-penetrated markets and diversifying asset offerings, India can align itself with global trends, making it a key player in the international REIT landscape.
NationPress
10 May 2026
Frequently Asked Questions
What is the current market capitalization of India's REITs?
As of 2025, India's REIT market capitalization is estimated to be around $18 billion.
How much growth is projected for REITs by 2030?
The market capitalization of India's REITs is projected to nearly double to $25 billion by 2030.
What percentage of India's listed real estate is covered by REITs?
Currently, REITs cover only 19 percent of India's listed real estate value.
What are some sectors expected to grow within India's REIT framework?
Sectors such as industrial, warehousing, logistics, and data centers are expected to see significant growth.
How many listed REITs does India currently have?
India currently has five listed REITs, four of which focus on office assets.
