Real estate developers and co-working firms are set to launch IPOs in 2025, driven by strong post-pandemic growth and rising investor confidence in residential, commercial, and flexible workspace markets.

Incuspaze is gearing up for a public listing with a $25M pre-IPO round and plans to invest ₹100 crore to expand across Delhi-NCR, Pune, Bengaluru, and Hyderabad, capitalizing on India’s booming demand for flex spaces.

Blackstone-backed Aadhar Housing Finance (AHFL) has reinforced its position as India’s leading affordable housing loan provider with a significant 47% gain since its IPO in May. Analysts attribute this growth to the company’s large network and the government’s strong push for affordable housing.

Indian real estate IPOs have gained pace due to high demand in residential, commercial, and retail industries. Real estate IPOs generated ₹13,553 crore in 2024, a significant rise from the previous year, as firms use capital markets for growth.

Bajaj Housing Finance Limited (BHFL) plans to raise 6,560 crore via an IPO, including new share issuance and a sale. With quick expansion since its founding, a broad loan portfolio, and sound financials, BHFL can capitalise on India's rising housing demand.

India's real estate investment trust (REIT) market grew 31% in 2023, the most in Asia-Pacific, despite a 7% fall overall the $252 billion Asian REIT industry. This increase bodes well for investors in India's young but growing REIT industry.

A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.

Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.

Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.

The Indian real estate industry had a great 2023! Indian property markets saw some of the largest transactions ever. Lots of action—acquisitions, IPOs, new project launches. 2023 has set up the Indian real estate sector for future growth.

Awfis Space Solutions, a leading workspace solutions provider, filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO. An OFS of up to 1 crore equity shares is offered with a new offering of up to INR 160 crore in the IPO.

Suraj Estate Developers, situated in Mumbai, plans to raise 400 crore via a main market share sale. The residential and commercial firm plans to use ₹285 crore for debt payments for both itself and its subsidiaries. The corporation would also spend 35 crore on property or land development rights.

One of the major reasons for this big step is to raise funds from the market to decrease its current debt and accelerate its growth in the coming days and months and years.