India becomes Asia's fourth-largest REIT market, overtaking Hong Kong
India has emerged as Asia's fourth-largest REIT market, surpassing Hong Kong, according to a Cushman & Wakefield report. The market's valuation climbed 62% to reach $17.7 billion by March 2026.
The expansion has been driven by new REIT listings, strong office occupancy rates, growing demand from Global Capability Centres (GCC), and increased institutional investor participation. India now trails only Japan, Singapore, and China in the Asian REIT rankings.
