Unlocking Value: Why REITs & InvITs deserve the spotlight

investors with the opportunity to enter the real estate and infrastructure markets—sectors traditionally accessible only to those with significant capital. REITs primarily focus on commercial real estate assets such as office spaces, malls, and hotels, while InvITs invest in infrastructure projects, including highways, power transmission networks, and gas pipelines. These instruments are listed on Indian bourses akin to a normally listed stock and are regulated by the Securities and Exchange Board of India (SEBI), enabling both retail and institutional investors to participate in large-scale, professionally managed ventures, while benefiting from liquidity and transparency.

With over a decade of success, the Indian REITs & InvITs landscape is steadily evolving and poised for further growth. As of March 2025, India has 4 listed REITs and 26 SEBI-registered InvITs, 4 of which are publicly traded.

Majority of REITs & InvITs are backed by global and large domestic sponsors and have a total Assets Under Management (AUM) of approximately INR 7.5-8.0 lakh crores.
Indian REITs include high-quality assets and a diverse tenant portfolio, featuring leading domestic and global companies. This solid foundation provides competitive yields, tax benefits, liquidity, and lower capital requirements compared to standalone real estate assets. However, REITs in India only account for ~10% of the country’s total listed real estate value, covering nearly 126 million square feet —far lower than the over 90% seen in developed markets