More REITs in India to be listed in 2021: JLL

25 Mar 2021 CW Staff

According to a report by global real estate service firm JLL, more Real Estate Investment Trusts (REITs) in India are set to be listed in 2021 and beyond.

JLL said in its report that real estate assets in India worth Rs 286,000 crore is suitable to be listed under REITs. India currently has three listed REITs that are traded on bourses—Mindspace Business Parks, Embassy Office Parks, and the recently listed Brookfield India Real Estate Trust.

According to JLL, India's current office markets across seven major cities have a potential space of 284 million sq ft that could be securitised with an estimated value of Rs 262,800 crore.

The JLL report has said that the number of buyers and sellers will broaden significantly with the listing of more REITS in India, further increasing market liquidity and yield compression and the incentive to securitise property assets.

Bengaluru is identified as India's largest source for potential assets available for securitisation, accounting for 31% or 88 million sq ft of REIT worthy assets, valued at Rs 81,468 crore.

With large IT spaces and housing global occupiers, the southern metropolis will be the most favoured market for newly listed REITs, given that most assets are singly owned by developers or large funds, allowing for the aggregation of assets into managed structures.

The Covid-19 pandemic has decreased the attraction of REITs as they have not performed that well in recent times. Brookfield is down 8% in the last one month. Mindspace has fallen 8% in the last three months and Embassy 5% in the same period. However, this is unlikely to affect the pace of securitisation of assets, as per JLL.

There are opportunities for institutional investors to participate in this structural theme, potentially by assembling complementary portfolios for securitisation into REITs or co-investing with existing platforms pre-IPO.

Several factors have given investors and regulators more confidence in the REIT space's future in 2021 and into the future. The first two listed REITs' healthy performance lowered the marginal cost of capital for Indian real estate. Additionally, REIT sponsors successfully recycled capital post-listing through asset divestments and rationalisation of their equity stakes, which raised institutional groups confidence to acquire larger portfolios, JLL has stated in the report.

Image Source

Also read: Legislations to be amended to fund InvITs, REITs

Also read: Opinion: Union Budget a booster shot for the real estate sector

According to a report by global real estate service firm JLL, more Real Estate Investment Trusts (REITs) in India are set to be listed in 2021 and beyond. JLL said in its report that real estate assets in India worth Rs 286,000 crore is suitable to be listed under REITs. India currently has three listed REITs that are traded on bourses—Mindspace Business Parks, Embassy Office Parks, and the recently listed Brookfield India Real Estate Trust. According to JLL, India's current office markets across seven major cities have a potential space of 284 million sq ft that could be securitised with an estimated value of Rs 262,800 crore. The JLL report has said that the number of buyers and sellers will broaden significantly with the listing of more REITS in India, further increasing market liquidity and yield compression and the incentive to securitise property assets. Bengaluru is identified as India's largest source for potential assets available for securitisation, accounting for 31% or 88 million sq ft of REIT worthy assets, valued at Rs 81,468 crore. With large IT spaces and housing global occupiers, the southern metropolis will be the most favoured market for newly listed REITs, given that most assets are singly owned by developers or large funds, allowing for the aggregation of assets into managed structures. The Covid-19 pandemic has decreased the attraction of REITs as they have not performed that well in recent times. Brookfield is down 8% in the last one month. Mindspace has fallen 8% in the last three months and Embassy 5% in the same period. However, this is unlikely to affect the pace of securitisation of assets, as per JLL. There are opportunities for institutional investors to participate in this structural theme, potentially by assembling complementary portfolios for securitisation into REITs or co-investing with existing platforms pre-IPO. Several factors have given investors and regulators more confidence in the REIT space's future in 2021 and into the future. The first two listed REITs' healthy performance lowered the marginal cost of capital for Indian real estate. Additionally, REIT sponsors successfully recycled capital post-listing through asset divestments and rationalisation of their equity stakes, which raised institutional groups confidence to acquire larger portfolios, JLL has stated in the report. Image Source Also read: Legislations to be amended to fund InvITs, REITs Also read: Opinion: Union Budget a booster shot for the real estate sector

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..