Zia highlighted the gap between available office supply and REIT penetration. India has crossed more than one billion square feet of office space, yet a small portion is part of REIT portfolios. “This is high time we expand the portfolios,” he said, noting that the limited coverage points to a large runway for future listings.
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He added that three to four more REITs entering the market would give investors a better choice and depth. Zia expects several new REITs to list over the next three to four years, not only in offices but also across retail, hospitality, and warehousing assets.
Rohira said demand for Grade A commercial real estate remains firm, particularly from large institutions seeking income-generating assets. This demand, he said, has pushed up asset prices and led to lower yields for top-grade properties, while supply remains limited in prime locations.Also Read | Square Yards nears unicorn status with $35 million fundraise, eyes larger $100 million round
On the residential side, Rohira said buyer preferences are shifting toward timely delivery and lifestyle-led housing. “The client is willing to pay and wants a lifestyle,” he said, adding that younger buyers will influence future demand patterns.
Beyond offices and housing, Rohira pointed to hospitality, healthcare, and education as segments that could see higher institutional participation over the next five years, as investors look to scale new real estate asset classes.
For the full interview, watch the accompanying video
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