Mumbai, June 19 (IANS). The portfolio of the Real Estate Investment Trust (REITS) in the top seven Indian cities currently listed only 23 percent of the total retainable office stock (520 million sq ft), which shows tremendous possibilities in future. This information was given in a report released on Thursday.
India’s Office Reits has shown a spectacular one-year performance by 16 June 2025 due to strong leasing activity and steady increase in fares.
According to the latest anarock research data, India has been delayed in the Rit sector. However, since the launch in 2019, their market capitalization has overtaken some of the major economies with mature rit markets.
Anarock Group Chairman Anuj Puri said that the joint portfolio of three listed Indians, Embassy Office Parks, Mindspace Business Parks and Brookfield India is just 117.2 million sq ft, which is just 23 percent of the total retitable Indian office space market.
He said that it shows an important headroom for the future Rit listing and office market consolidation in the top 7 cities.
With about 313 million sq ft, Bangalore, Hyderabad and Chennai currently have maximum available retainable office stock.
However, only 18 percent of this stock is listed in the Rit portfolio. In North India, Delhi-NCR currently has a total of 82 million sq ft stock-worthy stock, of which only 30 percent is listed.
Mumbai Metropolitan Region and Pune have a total of 118 million sq ft-wet office stock, of which only 27 percent is retaliated.
Data trends suggest that the total rit-worthy office stock in the top 7 cities in 2023 was about 383 million sq ft.
Puri said, “Since then it has increased by 36 percent to about 520 million sq ft, the credit of which is mainly upgraded from 2023 to the upgrade of the old grade A office stock to meet the liberal new office supply infusion and current demand and standards.”
-IANS
SKT/