India's listed office real estate investment trusts (Reits) have emerged from a strong year with robust leasing performance and increased demand from global capability centres (GCCs). According to reports from Mint, the publicly listed office Reits including Embassy Office Parks REIT, Mindspace Business Parks REIT, Brookfield India Real Estate Trust (Biret), and Knowledge Realty Trust (KRT) have seen their net operating income, occupancy levels and distribution grow in FY26. Bagmane Prime Office REIT was the fifth and latest to list in May, with its initial public offering subscribed almost 25 times, attracting the highest number of investor applications ever for a Reit IPO in the country.
Reit executives are building artificial intelligence-resilient, GCC-driven tenant portfolios as they focus on expansion through acquiring premium assets and increasing occupancy in FY27. As reported by Mint, Shirish Godbole, chief executive officer of KRT, which is backed by real estate company Sattva Group and asset manager Blackstone, expects healthy growth in revenue, net operating income and distribution, along with a strong acquisition pipeline of sponsor assets as well as third-party buyout opportunities. Ramesh Nair, CEO and managing director of Mindspace REIT, noted that the AI narrative has been running for the last three years, with office demand growing despite layoff concerns, as GCCs, technology, consulting, BFSI clients are all hiring at scale.
Hyderabad's office market achieved its highest-ever first-quarter gross leasing volume at 3.15 million square feet (MSF), marking a 21.6% year-on-year rise according to Cushman & Wakefield report. The city accounted for approximately 14% of India's total office gross leasing volume of roughly 22 MSF in Q1 2026. Large transactions of 1 lakh square feet or more accounted for 81% of total leasing activity, while mid-sized deals (25,000–99,999 square feet) contributed 17%. Activity remained highly concentrated in Madhapur, which accounted for 91% of total leasing, with the city recording its strongest post-pandemic year for absorption in 2025.
The Indian Reit market continues to show strong growth momentum with significant capital available for expansion. As reported by Mint, Brookfield India REIT raised about ₹2,600 crore through an institutional placement of units this year, which will largely be used as growth capital. The Biret management indicated they have about ₹5,000 crore that could be used for potential acquisitions. As of Q3 FY26, the gross assets under management of the Indian Reit market stood at over ₹2.5 trillion, reflecting the strong growth path of the Indian Reit sector. Despite global headwinds and travel disruptions, Reit executives remain optimistic about continued growth, with Embassy REIT now having 102 GCCs in their occupier roster of 280 corporates.
