Indian real estate is likely to provide investment opportunity worth up to $77 billion through Real Estate Investment Trust (REIT) – eligible commercial – office and retail, properties across the country’s top seven cities by 2020.
Across these cities, including Mumbai, Delhi-NCR, Bengaluru and Pune, ready commercial space eligible for REIT investments amounts to 277 million sq. ft, accounting for less than half (44 per cent) of total office stock in India, showed a property consultant report. In addition to completed stock, around 68 million sq. ft of additional REIT-eligible stock is expected to be completed by 2020 across these seven cities.
Read more: Economic Times
