India’s Real Estate Investment Trust (REIT) ecosystem, long dominated by commercial office assets, is on the brink of a major transformation. The next wave of growth is expected to emerge from retail malls, shopping centres, and mixed-use developments, according to a new report by ANAROCK Research released on Thursday.

By 2030, the country’s retail REIT market could be worth between Rs 60,000 crore and Rs 80,000 crore — accounting for 30–40 per cent of the projected Rs 2 lakh crore REIT universe. The expansion will be driven by consolidation of quality retail assets, steady consumer spending, and rising urban incomes, the report said.

Retail REITs poised to gain ground

At present, India’s listed REIT space is largely dominated by office assets, with only one retail-centric REIT in opera

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