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India Surpasses Hong Kong, Becomes Asia's Fourth-Largest REIT Market
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CNBC TV18•21-09-2026, 12:15
India Surpasses Hong Kong, Becomes Asia's Fourth-Largest REIT Market
- •India's REIT market value surged by 62% between late 2024 and March 2026, reaching $17.7 billion, pushing it past Hong Kong.
- •The total market value of 289 active REIT products across major Asian exchanges hit $279.4 billion by March 31, 2026, an 18% increase.
- •New listings, including Knowledge Realty Trust and Bagmane Prime Office REIT, significantly contributed to India's market expansion, adding 53.7 million square feet.
- •Japan remains Asia's largest REIT market ($101.4 billion), followed by Singapore ($76.7 billion) and Chinese mainland ($32.1 billion).
- •Office assets continue to dominate India's REIT market, driven by strong demand from multinational companies and Global Capability Centres (GCCs).
Key Questions Answered
India's REIT market value surged by 62% between late 2024 and March 2026, reaching $17.7 billion and pushing past Hong Kong's $17.4 billion valuation to become Asia's fourth-largest REIT market.
The market expansion was largely driven by new listings like Knowledge Realty Trust and Bagmane Prime Office REIT, which together added 53.7 million square feet to India's listed portfolios between June 2025 and June 2026.
As of March 31, 2026, Japan remains Asia's largest REIT market at $101.4 billion, followed by Singapore at $76.7 billion and the Chinese mainland at $32.1 billion.
