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.

Frustrated by an 11-year wait, 51 homebuyers have taken legal action against the directors of Kiyana Ventures LLP Developers and their partners for allegedly cheating them out of Rs 17.68 crore in an under-construction project in Siddharth Nagar, Goregaon West

Nexus Select Trust, a major REIT, is in talks to buy Chennai's Marina Mall, which has about 600,000 square feet of retail space. Direct sources said Nexus Select Trust's growth plan included this substantial move.

Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.

In a Rs 18,000 crore ($2.4 billion) initiative with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternate Investment Fund, Prestige Group is developing residential projects in India. Partners will spend Rs 2,001 crore ($270 million) to accelerate early-stage housing developments.

The Indian real estate investment trust (REIT) market is on the brink of a monumental expansion, poised to redefine the landscape of office real estate.

Nexus Select Trust, the Blackstone Group's retail arm, is poised to expand in India. The agreement to buy 1 million square feet of malls in Hyderabad from L&T Metro is valued at ₹1,100 crore. This massive purchase comprises the E-Galleria Mall in Moosarambagh, the L&T Metro Mall in Punjagutta.

The Uttar Pradesh government plans to build a 1,000-acre metropolis near Ayodhya with traditional and modern architecture. Nitin Gokarn, the state's Additional Chief Secretary for Housing and Urban Development, said the government had bought land for 'New Ayodhya', a groundbreaking project.

The family of BDR Pharmaceuticals' Chairman & Managing Director bought two sea-view flats in Worli for roughly ₹81 crore, marking a significant investment in Mumbai's luxury real estate market. These apartments on the 39th livable level of the ultra-luxurious Raheja Artesia building have 6,670 sq ft

MindSpace Real Estate Investment Trust (REIT) has initiated an innovative endeavour known as the Integrated Management of Operations Centre (IMOC) project, which aims to reconfigure the industry environment.

Hamas' multifront war on Israel, a geopolitical curveball, is expected to impact India's booming real estate market. Industry experts warn that this unforeseen battle may temporarily halt Israeli investment coming into Indian real estate, which has been growing 20-30% annually.

Raymond Limited, a name synonymous with quality and trust, has announced a strategic investment of Rs 301 crore in its step-down wholly-owned subsidiary, Ten X Realty Limited (TXRL).

As per news sources, Singapore's sovereign wealth fund GIC is evaluating a 1.5 trillion rupee (INR) investment in IRB Infrastructure Trust, an infrastructure investment trust (InvIT) sponsored by the construction company IRB Infrastructure Developers.

Brookfield India Real Estate Investment Trust (REIT) and Singapore's sovereign wealth fund GIC have formed an equal partnership to acquire two large commercial properties totaling 6.5 million square feet from Brookfield Asset Management's private real estate funds.

Nexus Select Trust REIT, India's first real estate investment trust (REIT) with retail properties, will initiate its initial public offering to raise more than INR 4,000 crore in the first week of May, 2023 according to concerned sources.