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India's InvITs Emerge as Next Major Opportunity

India’s listed real estate market is broadening beyond traditional office and retail assets, with warehousing, logistics, data centres, renewables, and potentially healthcare emerging as the next sources of growth for REITs and InvITs. Regulatory reforms, strong investor demand, and a large pipeline of securitisation-ready assets are supporting the expansion of these vehicles, while providing developers ...

India’s listed real estate market is broadening beyond traditional office and retail assets, with warehousing, logistics, data centres, renewables, and potentially healthcare emerging as the next sources of growth for REITs and InvITs. Regulatory reforms, strong investor demand, and a large pipeline of securitisation-ready assets are supporting the expansion of these vehicles, while providing developers with new avenues for capital recycling and funding. As institutional ownership deepens and new economy sectors mature, India’s REIT and InvIT market is positioned for significant growth, supported by both rising domestic capital and increasing interest from global investors.
Madhurima Basu

Madhurima Basu

Senior Director - Capital Markets Research, JLL

Madhurima Basu is the Senior Director for Capital Markets Research at JLL. In this role, she leads the firm's research initiatives focused on real estate capital flows, investment trends and market dynamics across India. Her expert analysis provides critical, data-driven insights to domestic and international investors, developers and financial institutions, guiding their strategic decisions. A leading voice in the industry, Madhurima plays a pivotal role in shaping JLL's thought leadership in the capital markets space.