India's office REITs expand footprint 74% as operational portfolio nears 167 million sq ft

Office REITs operating in India have demonstrated robust growth in the first half of 2026, with their combined operational area surging 74 percent year-on-year, according to a recent market analysis. The sector's total operational portfolio has reached 167 million square feet, marking a substantial expansion from the corresponding period in the previous year.

The growth underscores the increasing institutional interest in India's office real estate segment, which continues to attract domestic and international capital. The expanding REIT portfolios now represent approximately 16 percent of India's total office stock, which stands at 1.05 billion square feet across major metros and emerging business centers.

The expansion reflects broader trends in India's commercial real estate sector, where REITs have emerged as a preferred vehicle for yield-seeking investors amid steady demand from occupiers across information technology, financial services, and business process outsourcing sectors. The structural shift toward institutionalization of Indian office real estate has enabled the REIT segment to capture an increasingly significant portion of the market.

The momentum in REIT operations comes as Indian corporates and multinational companies continue to consolidate their office footprints in well-located, grade-A properties managed by professional operators. Market participants attribute the growth trajectory to robust leasing activity and the sector's resilience in adapting to evolving workplace requirements post-pandemic.