India's Office REITs Surge Amid Demand

21 May 2024 CW Team

In response to surging office demand in India, real estate investment trusts (REITs) are rapidly expanding their portfolios through strategic acquisitions. Embassy Office Parks REIT, Brookfield India Real Estate Trust, and Mindspace Business Parks REIT collectively control approximately 100 million square feet (msf) of office space, representing about 12.5% of India's total office stock and boasting a combined market capitalization of $8 billion.

Since its inception in 2019, Embassy REIT has grown its completed area by 47%, increasing from 24 msf to over 45 msf through acquisitions. Recently, it expanded into Chennai, adding a 5 msf business park from its sponsor, Bengaluru-based Embassy Group. Future developments include an additional 2 msf.

Brookfield REIT expanded its operating area by 47% last year, with another 16% growth anticipated following a recent acquisition. The REIT acquired 6.5 msf of space in FY24 in the National Capital Region and Mumbai and is set to add another 3.3 msf through a deal with Bharti Enterprises. Brookfield's parent entity holds 54 msf of office space in India, presenting a substantial acquisition pipeline.

Mindspace REIT also demonstrated growth with acquisitions in Chennai and Pune, alongside developing a mixed-use asset in Mumbai. With a sponsor pipeline of around 15 msf, Mindspace is well-positioned for future expansion, exploring both sponsor and third-party assets.

A report by CREDI-CRE Matrix forecasts office demand in India to exceed 70 msf in 2024, driven by government initiatives in manufacturing, digital, and physical infrastructure investments. This escalating demand, particularly from global capability centers, underpins the robust expansion strategies of India's leading office REITs.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..