Investment Trust
REITs Dividend
REITs Listing Price Current Price FY 25 FY 24 FY 23
Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total
Embassy REIT 300 391.45 5.60 5.83 5.90 5.68 23.01 5.38 5.53 5.20 5.20 21.33 5.33 5.46 5.31 5.31 21.33
Mindspace REIT 275 417.57 5.04 5.15 5.32 6.44 21.95 4.80 4.79 4.80 4.80 19.16 4.74 4.75 4.80 4.80 19.16
Brookfield REIT 275 308.17 4.50 4.60 4.90 5.25 19.25 3.85 4.40 4.75 4.75 17.75 5.10 5.10 5.00 5.00 17.75
Nexus REIT 103 145.13 2.15 2.01 2.196 2.00 8.36 NL 2.98 2.00 2.00 7.07 NL NL NL NL 7.07

* NA - Not Announced, * NL - Not Listed

HISTORY OF INDIAN REITs

The concept of Real Estate Investment Trusts (REITs) in India was first introduced in the mid-2000s, inspired by the success of REITs in global markets like Singapore....

However, the actual regulatory framework was established in 2014 by the Securities and Exchange Board of India (SEBI), providing the foundation for this asset class.

India’s REIT journey formally began in 2019 with the listing of the Embassy Office Parks REIT, marking a milestone as the country’s first publicly listed REIT. This launch allowed Indian investors to access institutional-grade commercial real estate with the simplicity of purchasing shares, fundamentally transforming real estate investment in the country.

Following Embassy REIT's success, three more REITs entered the market: Brookfield India Real Estate Trust, Mindspace Business Parks REIT, and Nexus Select Trust. Together, these REITs have significantly contributed to institutionalizing and expanding the real estate investment landscape in India, managing over 115 million square feet of commercial space as of 2024.

The Indian REIT market, while young, continues to grow rapidly, driven by robust regulatory frameworks, investor interest, and the country’s expanding commercial real estate sector.

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Key Regulations and Investor Information
  • 1. Eligibility:
    • A REIT must be structured as a trust under the Indian Trusts Act, 1882.
    • It should register with SEBI (Securities and Exchange Board of India) and comply with SEBI's REIT regulations.
  • 2. Sponsors:
    • Sponsors must have a minimum collective net worth of ₹100 crores, with each sponsor contributing at least ₹20 crores.
    • They must hold at least 15% of the REIT’s total units for three years after listing.
    • Sponsors need five years of experience in real estate development or fund management, with at least two completed real estate projects.
  • 3. Managers:
    • Managers must have a net worth of ₹10 crores (for companies) or equivalent tangible assets (for LLPs).
    • They should have at least two key personnel with five years of experience in real estate or fund management.
    • They oversee operations, including leasing, maintenance, and compliance.
  • 4. Trustees:
    • Trustees must be SEBI-registered debenture trustees.
    • They act independently and ensure compliance with REIT regulations.
  • 1. Minimum Investment:
    • Individual investors must make a minimum investment of ₹50,000.
  • 2. Equal Rights:
    • All investors enjoy equal voting rights with no preferential treatment.
    • Investors holding 10% or more units can nominate a director to the REIT manager's board.
  • 3. Regular Returns:
    • REITs are required to distribute at least 90% of their distributable cash flows to investors semi-annually, ensuring consistent returns.
  • 4. Transparency:
    • Net Asset Value (NAV) is disclosed every six months, ensuring clear visibility into REIT performance.
    • Regular updates on asset valuation, audited financials, and cash distributions are mandatory.
  • 1. Asset Allocation:
    • At least 80% of REIT investments must be in rent-generating, completed real estate properties.
    • Up to 20% can be allocated to under-construction properties, debt instruments of real estate companies, or equity in real estate firms.
  • 2. Leverage:
    • Borrowings cannot exceed 49% of the REIT’s total asset value, maintaining financial discipline.
  • 3. Conflict of Interest:
    • Any related-party transactions must be conducted transparently and approved by unit holders.
  • 1. Tax Pass-Through:
    • REITs do not pay taxes on distributed income, but investors are taxed on the income they receive.
  • 2. Market Listing:
    • REIT units must be listed on recognized stock exchanges, offering liquidity and transparency to investors.
Why Invest in REITs?

REITs provide a stable and transparent platform for investors to participate in India’s real estate growth story. With mandatory regulations ensuring operational integrity, periodic distributions, and consistent market disclosures, REITs combine the benefits of real estate investment with stock market flexibility.

Upcoming REITs

- Data not Avaiable

REITs News
DATE TITLE SUMMARY LINK
Jul 08, 2025 Japan’s NTT DC Reit targets $988 million in SGX’s biggest Reit IPO in a decade Japan telecommunications giant Nippon Telegraph and Telephone (NTT) is set to raise US$773 million (S$988 million) from the initial public offering (IPO) of its data centre real estate investment trust (Reit), marking the largest Reit listing on the Singa Click Here to Read
Jun 30, 2025 Embassy REIT Secures ₹1,550 Crore Debt at Four-Year Low Embassy Office Parks REIT successfully raised ₹1,550 crore through NCDs and term loans to refinance existing debt, projecting annual interest savings of 113 bps. The NCD issuance, priced at a competitive 6.97%, saw strong institutional demand. This strate Click Here to Read
Jun 27, 2025 REITs may stretch gains on RBI rate cuts, buoyant leasing of commercial and retail spaces The four listed REITs have distributed about 228.18 billion rupees ($2.7 billion) to their investors since listing. More than 262,000 people have invested in REIT as of June 2025 in India, according to the Indian REITs Association website. Click Here to Read
Jun 18, 2025 Sebi Reforms Reits And InvITs Norms To Align Disclosures, Cut Entry Size; Allow Broader Role For Merchant Bankers Sebi's board has approved amendments to ease business operations for REITs, InvITs, and merchant bankers. These changes include greater cash-flow flexibility, clearer public unitholding definitions, harmonized reporting timelines, and reduced minimum inve Click Here to Read
May 30, 2025 Embassy Developments proposes Rs 3,700 cr commercial project divestment to Embassy REIT in Bengaluru Embassy Developments Limited (EDL) proposes a premium commercial project in Whitefield, Bengaluru, to Embassy Office Parks REIT for potential acquisition, projecting a ₹3,200–₹3,700 crore GDV. EDL, post-merger, reported a strong FY25 turnaround with signi Click Here to Read
May 15, 2025 India's four listed REITs distributed 13% additional funds in Q4 FY25 India's four listed REITs distribute over ₹6,000 crore in FY25 amid strong NOI and rising investor confidence, with Embassy REIT leading the pack at ₹2,181 crore. Click Here to Read
Apr 30, 2025 Mindspace Reit Q4: NOI grows 13% amid sustained demand for grade-A assets Mindspace recorded gross leasing of 2.8 million square feet (msf) in Q4FY25, compared to 2?msf?in Q4FY24. The occupancy across its assets stood at 93 per cent Click Here to Read
Apr 29, 2025 Embassy REIT Q4 Results: Net Income Up 17% To ₹ 892 Cr, Calls Rs 538 Cr Payout The company declared distributions of Rs 538.40 crore or Rs 5.68 per unit for the quarter ended March 31, 2025, to unitholders in the form of dividend and other income. Click Here to Read
Apr 11, 2025 Equity investment in Indian real estate rises 74% in Jan-Mar to $3 bn: CBRE The Indian real estate sector attracted a 74 per cent higher equity funding of around $2.9 billion during the January-March period amid strong demand for properties, according to CBRE. Click Here to Read
Apr 09, 2025 hBits receives SEBI license to launch SM REIT, plans to raise up to ₹ 500 crore via IPO hBits, a platform for fractional investment in commercial real estate, has received a license from the Securities and Exchange Board of India (SEBI) to launch its Small & Medium Real Estate Investment Trust (SM REIT) public issue and plans to raise up to Click Here to Read
Mar 26, 2025 Sebi Issues Framework for fast-track follow-on offer by REITs, InvITs The Securities and Exchange Board of India (SEBI) has introduced a framework to streamline fast-track follow-on public offers (FPOs) by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), aiming to enhance fundraising effi Click Here to Read
Mar 07, 2025 As Work from Office mandates rise, India's REITs are poised to boom, say Brookfield Properties and Embassy REIT CEOs Ritwik Bhattacharjee, CEO of Embassy REIT said India's commercial real estate cycle offers immense potential, while Alok Aggarwal, MD & CEO of Brookfield Properties said rising occupancy rates are an indicator of recovery in demand. Click Here to Read
Mar 06, 2025 Knowledge Realty Trust files for Rs 6,200 cr IPO, set to be India's largest office REIT Knowledge Realty Trust, which is managed by Knowledge Realty Office Management Services, claimed to be the?the?largest office REIT in India based on gross asset value GAV). Click Here to Read
Feb 10, 2025 Four listed REITs distribute Rs 1,505 crore to unitholders in Q3 The four listed real estate investment trusts (Reits) in India distributed a total of Rs 1,505 crore to more than 2.6 lakh unitholders during the third quarter of the financial year 2024-2025 (Q3FY25), according to the Indian REITs Association (IRA). Click Here to Read
Dec 18, 2024 SEBI approves ease of doing business norms for REITs, InvITs and SM REITS Market regulator SEBI has approved ease of doing business norms for SM (small and medium) REITs, according to an announcement made after the markets regulators board meeting on December 18. Click Here to Read
Dec 10, 2024 60% Of India's Grade-A Offices Space Eligible For REIT About 60 per cent of India’s total Grade-A office space, worth Rs 4.5 trillion, can be included in real estate investment trusts (REITs), according to a report by Vestian. Click Here to Read
Dec 10, 2024 SEBI To Introduce Self-Regulatory Body For SM REITs Small and medium real estate investment trusts (SM REITs) will soon have a dedicated self-regulatory organisation (SRO) as their apex body, a move reportedly endorsed by the Securities and Exchange Board of India (SEBI), sources revealed. Click Here to Read
Dec 02, 2024 Indias first SM REIT IPO from Property Share opens today. Property Share is launching an REIT IPO for PropShare Platina, which is the first scheme under PSIT. Small and medium REITs are a new asset class regulated by the Sebi as a sub-class within the REIT framework for assets valued between Rs 50-500 crore Click Here to Read
Sep 26, 2024 Finance Ministry bats for REITs, e-commerce in August economic review The finance ministry noted that institutional participation and transparency had helped develop best practices for the country’s commercial real estate market. Click Here to Read