India's retail REIT market may hit US$ 9.09 billion by 2030: Anarock
- IBEF
- October 17, 2025
India is poised to see the launch of two to three retail real estate investment trusts (REITs) over the next three to five years, with the retail REIT market projected to reach Rs. 60,000-80,000 crore (US$ 6.82-9.09 billion) by 2030. This would constitute around 30-40% of India’s overall REIT market, expected to total Rs 2,00,000 crore (US$ 22.72 billion) by that year. As of mid-October 2025, retail REITs make up roughly 15% of the current Rs 1,67,000 crore (US$ 18.97 billion) REIT market, with growth driven by consolidating grade A malls, steady consumer spending, and rising urban incomes.
Tier-II cities such as Indore, Coimbatore, Surat, Bhubaneswar, and Chandigarh are emerging as new retail hubs, attracting institutional developers like Phoenix Mills, Prestige Estates, and Nexus Malls. New mall projects averaging 1-1.2 million square feet will increasingly feature entertainment, food and beverage, and lifestyle retail, reflecting a shift in retail real estate from a niche segment to a high-yield, institutionally backed asset class ready for public markets.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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