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In its capacity as Knowledge Partner for this prestigious annual event, international property consultancy JLL India unveiled two incisive research reports at the 9th CII India Realty & Infrastructure Conclave 2017 held in Mumbai.
Considering the capital-intensive nature of the commercial real estate sector as an investment avenue and also the limited investment opportunities with regards to high-grade office assets, REITs (Real estate investments funds) will be a big boon for the Indian real estate industry.
The much awaited REIT (Real Estate Investment Trust) listing is inching closer to reality. KPMG, NAREDCO, Hariani & Co and Knight Frank has jointly released a report titled ‘REIT-able Space in India: A Closer Reality’.
By 2019, a quarter of India's top-rated office space of 464 million sq ft is expected to get listed with an estimated valuation of around $18 billion (Rs 1.2 lakh crore). If this happens then based on the percentage of listed Grade-A office space, India’s REIT market is expected to surpass all other established Asia-Pacific markets including Australia, Singapore, Hong Kong, Malaysia and Japan, according to real estate consultancy JLL.