Five Listed REITs Distribute Rs 24.5 bn in Q3 FY26

19 Feb 2026 CW Team

Five publicly listed Real Estate Investment Trusts (REITs) collectively distributed Rs 24.5 billion (bn) to more than 380,000 unitholders in the third quarter of the current financial year. The REITs are Brookfield India Real Estate Trust, Embassy Office Parks REIT, Knowledge Realty Trust, Mindspace Business Parks REIT and Nexus Select Trust and the information was published by the Indian REITs Association (IRA).

Together they manage a portfolio of about 185 million (mn) square feet of Grade A office and retail space across India. The listed REIT market reported gross assets under management of Rs 2.5 trillion (tn) as of the quarter, signalling the sector's scale. These metrics reflect increasing institutional ownership of high quality commercial property.

Since inception the five REITs have cumulatively distributed Rs 291 billion (bn) to unitholders, underscoring the appeal of listed property vehicles as income generating investments. Quarterly payouts contributed to investor returns and provided an alternative yield source within capital markets.

The chairperson of the IRA said the sector continues to show strong and stable performance driven by demand for quality office and retail assets in key cities. He noted that improving occupancy and rental growth, together with healthy leasing, have supported cash flows. Recent regulatory proposals to allow banks to lend directly to REITs and to establish dedicated REITs for central public sector enterprises are expected to improve access to long term capital.

The Indian REITs Association is a non profit industry body formed with support from the Securities and Exchange Board of India and the Ministry of Finance to advance the REIT sector. Founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT and Nexus Select Trust, with Knowledge Realty Trust joining as the fifth member.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..