REITs Fuel India’s Office Surge: 15% Growth, Premium Assets Thrive

The New Pulse of India’s Offices

Picture India’s skyline in 2025: vibrant, ambitious, and reshaped by the phenomenal rise of Real Estate Investment Trusts (REITs). From the buzzing IT corridors of Bengaluru to Mumbai’s business hubs, India’s Grade-A office market has experienced a transformation powered by institutional capital—delivering record growth, strong leasing, and global investor interest.

REITs: From Institutions to Innovation

As of June 2025, India’s office REITs—Embassy Office Parks REIT, Mindspace Business Parks REIT, and Brookfield India REIT—and retail pioneer Nexus Select Trust collectively steward an operational office portfolio exceeding 105million square feet. Their strategic expansion raised the institutional share to an impressive 13% of India’s total Grade A office stock—a leap driven by both robust developments and premium demand.

Learn more about India’s leading REITs and retail innovation through Nexus Select Trust.

Record-Breaking Growth & Leasing Momentum

In just the last 12 months, office REITs delivered over 15% capital appreciation, vastly outperforming traditional realty indices. Leasing activity soared, with more than 16million square feet absorbed—a remarkable near-20% slice of all gross leasing volumes across India’s top eight metros. All three office REITs reported occupancy rates close to 90% by Q1 2025, underscoring deep occupier preference for institutional, Grade-A assets.

>12% growth in combined REIT portfolio, with another 23million+ sq ft of new office supply in the pipeline.

Global Capability Centres (GCCs), engineering, manufacturing, and BFSI led the leasing surge.

GCCs: Driving the Office Market Forward

The story’s brightest spotlight falls on Global Capability Centres. While GCCs account for 28–29% of all gross leasing nationwide, REITs far exceed this, drawing in between 40%–60% of their total leasing demand from these top-tier occupiers. The preference is clear—multinationals want modern, efficient, and future-ready campuses, and REITs fit the bill.

Discover more on India’s office market performance.

The REIT Landscape: Leaders and New Arrivals

India’s REIT basket, as of mid-2025:

Three Office REITs:

Embassy Office Parks REIT

Mindspace Business Parks REIT

Brookfield India REIT

One Retail REIT:

Nexus Select Trust

Coming Soon:

Knowledge Realty Trust (KRT) is slated to list by late 2025, backed by Blackstone and Sattva Developers. KRT’s portfolio boasts 48million sq ft (37million operational, 11million under development), positioning it for instant influence at launch.

What’s Next? Growth and Global Recognition

With over 23million sq ft of new office supply set to hit the market, REITs are poised to deepen their impact in the coming years. Cushman & Wakefield experts cite continued global investor appetite, exceptional occupancy, and an unwavering shift towards premium facilities as key accelerators for the future. Institutional ownership is fast becoming the backbone of the nation’s commercial real estate.