India's REIT-Ready Office Supply: Rs.5.8-6.2 Tn

21 Feb 2024 CW Team

According to a recent report by ICRA, India's top seven cities possess a Real Estate Investment Trust (REIT)-compatible office supply valued between ?5.8 to ?6.2 trillion. The study indicates a substantial pool of commercial real estate that meets the criteria for inclusion in REITs, providing investors with diverse opportunities in the office space segment.

The report identifies the readiness of office properties in key cities, signalling a potential boost for the real estate market through the introduction of REITs. The assessed value underscores the significant scope for investment in commercial properties, offering a diverse portfolio for potential REIT offerings.

The findings emphasise the maturation of India's commercial real estate sector and its alignment with global trends, making it an attractive prospect for institutional and retail investors seeking exposure to the office space market. The emergence of REIT-compatible office supply is expected to provide a new avenue for investment in the Indian real estate landscape.

This revelation aligns with the broader efforts to enhance transparency and liquidity in the real estate market. As the demand for quality office spaces continues to rise, the availability of REIT-ready assets presents a promising opportunity for investors to participate in the country's evolving commercial real estate sector.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..