At least a quarter of India’s top-rated office space of 464 million sq ft is expected to get listed by 2019 with an estimated valuation of around $18 billion (Rs 1.2 lakh crore), according to a study. Large institutional investors in India’s commercial real estate are gearing up to list their real estate investment trusts (REITs) and the first of these is expected in the first half of 2017, the study by a real estate consultancy showed. Once this happened, based on the percentage of listed Grade-A office space, India’s REIT market is expected to surpass all other established Asia-Pacific markets, including Australia, Singapore, Hong Kong, Malaysia and Japan.
Read more: Economic Times
