India's REIT sector has substantial room to grow: CareEdge Ratings

India’s REIT sector has significant room for expansion, with over 150 million sq ft of office space expected to become REIT-eligible by 2031, CareEdge Ratings said. Strong leasing demand, rising occupancy, healthy rental income growth and prudent leverage have kept listed REITs resilient, despite geopolitical tensions and elevated crude prices.