REIT–able Space in India : A Closer Reality
Mar 30, 2017 | 16:37 PM IST
Mar 30, 2017 | 16:37 PM IST
Mumbai, March 24, 2017: The much awaited REIT (Real Estate Investment Trust) listing is inching closer to reality. KPMG, NAREDCO, Hariani & Co. and Knight Frank jointly released a report today titled REIT-able Space in India: A Closer Reality. According to the report, REIT is expected to have a large opportunity in the Indian real estate market, which is supported by a strong economic growth, a large portfolio of completed commercial real estate and conducive investment climate.
Key takeaways:
- REIT as an investment vehicle has huge potential in India
- India has a rent yielding office inventory to the tune of 537 mn. sq. ft. worth more than USD
70 billion. Warehousing, retail malls, shopping centers and school buildings to name a few
comprise a massive REITable assets spread - REITable assets may cover completed and rent-generating real estate assets. It is estimated
that approximately USD 121 billion or 1.73 billion sq. ft. occupied CRE (Commercial Real
Estate) across office, retail and warehouse segments could potentially benefit from the REIT
opportunity
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