Leasing, occupancies boost office Reits

Office Reits (real estate investment trusts) are planning to expand their portfolio via acquisitions and new developments, seeking higher occupancy and leasing as India’s office market resists global downturns.

- Madhurima Nandy

India’s four publicly listed office Reits—Embassy Office Parks REIT, Mindspace Business Parks Reit, Brookfield India Real Estate Trust and Knowledge Realty Trust (KRT) —have seen their net operating income, occupancy levels and distribution grow in the first half of 2025-26.

This is expected to continue in the second half, driven by demand and leasing by global capability centres (GCCs) and domestic occupiers.

Mindspace Reit expanded its completed portfolio by over 4.2 million sqft in the last nine months through organic and inorganic growths strategies. It plans to focus on acquisitions for growth and is looking at multiple third-party assets, and right-of-first-offer (Rofo) assets from sponsors.