Real estate developers go slow on REITs

According to Grant Thornton’s Indian Real Estate Sector Annual Handbook 2017, the ready commercial space eligible for REIT investments amounts to 277 million sq ft, accounting for 44 per cent of total office stock in India. The REIT-eligible commercial office stock is estimated to have a total value of $44-53 billion. In retail assets, the estimated value of REIT-eligible stock (completed and under-construction malls) is around $20-24 billion.

This article appeared in The Hindu Business Line on 29th June, 2017.