Bengaluru Leads India's Office REIT Market Amid Shift Toward Leasing Ownership
India's office real estate market is evolving with operational REIT and InvIT assets exceeding 195 million sq ft, led by Bengaluru holding a 42% share of office REIT stock. Institutional investors and REITs increasingly retain assets, favoring leasing over outright sales, which narrows the availability of premium office spaces for purchase. While demand for Grade A assets remains strong, the supply pool is limited as developers build rental portfolios, reflecting a shift towards leasing-led ownership across major markets.