REITs power Rs 23080cr India realty surge
India’s property sector secured 23,080 crore rupees through 12 transactions in the current fiscal year, marking the highest level in seven years. Investment banking firm Equirus Capital said Real Estate Investment Trusts brought in 31,241 crore rupees since 2018, leading all categories. Large firms raised 20,437 crore rupees, while mid-sized companies gathered 12,496 crore rupees, and smaller developers collected 8,156 crore rupees.
REITs delivered 21.3 percent gains over 12 months, outpacing other property investments that showed losses. Small property stocks have performed best since March 2021, with mid-sized companies following behind. Analysts predict retail shopping centers and mixed developments will drive the next expansion phase by 2030.
The retail REIT market may reach 60,000 to 80,000 crore rupees within six years, accounting for up to 40 percent of the projected 2 lakh crore rupee market. Institutional buyers are moving into tier-two cities such as Indore, Coimbatore, and Surat. Securities regulators recently changed REIT classification to equity status for mutual fund portfolios.
