REIT penetration in India’s institutional real estate to reach 25-30% by 2030

India’s REIT (Real Estate Investment Trust) market accounts for only about 20% of the country’s total institutional real estate, lowest among the top global markets like US, Singapore, and Japan but is expected to reach 25-30% by 2030.

According to FICCI-Anarock, India joined the REIT movement later than many global counterparts and in seven years, has reached a market capitalisation of nearly $18 billion, driven by five listed REITs.

The five listed REITs have democratised property investments, allowing retail investors to participate in a previously institutional-dominated asset class.


“Future growth will be driven by diversification into alternative asset classes such as data centres, logistics parks, and retail malls, reflecting changing investor preferences and occupier trends,” the report said.

According to the report, India’s office market in 2025 demonstrated marked resilience, with all-time high office space leasing across the top seven cities and the surge is driven by the Global Capability Centres (GCCs), which now account for more than 40% of total gross leasing in these cities.

India is set to host more than 2,400 GCCs by 2030, employing over 2.8 million professionals. By 2024-end, India hosted over 1,700 GCCs, employing more than 1.9 million professionals.

“Over the years, India’s GCC landscape has expanded rapidly, with its market size rising from $30 billion in 2019 to approximately $64 billion in 2024. This momentum is expected to continue,” said Anuj Puri, chairman – Anarock Group.

The Indian GCC market is projected to reach a market size of $105–110 billion by 2030, growing at a CAGR of 10%.

“For three decades, India’s office real estate market was largely viewed as a cost line to be managed. Today, it shapes where global capital is deployed, where high-value jobs are created, and where India’s young workforce chooses to live,” said Raj Menda, Chairman - FICCI Committee on Urban Development and real estate and chairman of supervisory board, RMZ Corp.

India’s top seven cities already host around 800 million sq. ft. of Grade A office stock, with Bengaluru and the NCR together accounting for nearly half of that. Net absorption in 2025 has been over 58 million sq ft, with gross leasing of over 80 million sq ft, adding yet another record-breaking year.