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.

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.

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.

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.

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.

Bajaj Housing Finance has extended a INR 1000 Crore term loan to Embassy Office Parks REIT, India's first publicly traded real estate investment trust and Asia's biggest by area.

The Leasable Area of Listed Real Estate Investment Trusts - REITs in India Increases in 2022

Embassy Office Parks REIT, India's first publicly traded real estate investment trust, and global hospitality business Hilton have established the Hilton Bengaluru Embassy Manyata Business Park and the Hilton Convention Centre in Bengaluru.