India's REIT Market Soars to Rs 2.3 Lakh Crore, Overtakes Hong Kong in 6 Years

• India's REIT market reached Rs 2.3 lakh crore GAV in just six years, surpassing Hong Kong in market size.
• Combined equity market capitalization stands at Rs 1.66 lakh crore, with only 32% of eligible real estate currently listed, indicating vast untapped potential.
• Five listed REITs, including the new Knowledge Realty Trust, control 176 million sq ft of Grade-A assets and over 2,000 hospitality keys.
• Indian REITs have shown resilient returns, outperforming Singapore, Japan, and Hong Kong, with strong operational metrics and AAA credit ratings.
• Sebi's reclassification of REIT units as equity instruments from Jan 2026 is set to boost index inclusion and domestic participation, targeting a $20 billion market cap.

Why It Matters: India's REIT market rapidly grew to Rs 2.3 lakh crore, outperforming peers and poised for further expansion.