India currently features five publicly listed REITs as of 2026, offering investors exposure to income-generating real estate assets. These trusts are mandated by SEBI regulations to distribute at least 90% of their net distributable cash flows as dividends, providing a regular income stream for unitholders.
| REIT Name | Ticker | Current Share Price (₹) | 1-Year Return (%) | 5-Year CAGR (%) | Market CAP (₹ Cr) |
|---|---|---|---|---|---|
| BROOKFIELD INDIA REIT | BIRET | Up 0.2% (March 27, 2026) | — | — | — |
| NEXUS SELECT TRUST | NXST | Down 3.2% (March 27, 2026) | — | — | — |
| MINDSPACE BUSINESS REIT | MBPREIT | Down 1.9% (March 27, 2026) | — | — | — |
| IRB InvIT Fund | IRB | Up 1.83% | — | — | — |
| Embassy Office Parks REIT | EMBASSY | Down 2.05% | — | — | — |
| Nexus Select Trust REIT | NXST | Down 0.81% | — | — | — |
The performance of listed REITs varies, with some experiencing minor fluctuations in share price as of March 2026, while others like Embassy Office Parks REIT have shown a five-year total return exceeding 52% and an 8.85% CAGR (Source: jainam.in).
REIT Dividend Yields & Distribution History (2026)
Indian REITs are mandated by SEBI regulations to distribute at least 90% of their net distributable cash flows to unitholders as dividends. These distributions typically occur quarterly, offering investors a regular income stream. As of early 2026, typical quarterly distribution yields for REITs range from 6% to 9%.
| REIT Name | Ticker | Current Dividend Yield (%) | Last Distribution (₹/Unit) | Distribution Frequency | Total FY25 Distribution (₹/Unit) |
|---|---|---|---|---|---|
| Brookfield India Real Estate Trust | BIRET | 6.68% (March 2026 quarter) | ₹5.50 (March 2026 quarter) | Quarterly | Not specified |
| Embassy Office Parks REIT | EMBASSY | 7-8% | Not specified | Quarterly | Not specified |
| Nexus Select Trust | NEXUS | 7.5-9% | Not specified | Quarterly | Not specified |
| Mindspace Business REIT | MINDSPACE | 7-8% | Not specified | Quarterly | Not specified |
REIT distributions are a key component of investor returns, providing a stable income source. While these distributions offer regular payouts, they are not as tax-efficient as equity dividends for high-income investors.
Upcoming & Recent REIT IPOs in India (2026)
India’s REIT market is expanding, with five publicly listed REITs as of 2026, including Knowledge Realty Trust. Several new REIT IPOs are anticipated or have recently launched, offering investors opportunities in commercial real estate.
| REIT Name | IPO Date | Issue Price (₹) | Listing Price (₹) | Current Price (₹) | Listing Gain (%) |
|---|---|---|---|---|---|
| Property Share Investment Trust REIT IPO | April 10, 2026 – April 16, 2026 | ₹244.65 crore (issue size) | — | — | — |
| Bagmane Prime Office REIT | May 5, 2026 – May 7, 2026 | ₹95-100 per share | — | — | — |
| Embassy Office Parks REIT (EMBASSY) | August 7, 2020 | ₹300 per share (IPO price) | — | — | — |
| BROOKFIELD INDIA REIT | February 16, 2021 | ₹275 per unit | ₹281.00 (NSE) | ₹278.00 (as of March 27, 2026) | 2.18% |
| NEXUS SELECT TRUST | May 9, 2023 | ₹100 per unit | ₹103.00 (NSE) | ₹100.00 (as of March 27, 2026) | 0.00% |
| MINDSPACE BUSINESS PARKS REIT | August 3, 2020 | ₹275 per unit | ₹299.90 (NSE) | ₹305.00 (as of March 27, 2026) | 10.91% |
The market for REIT IPOs in India is dynamic, with SEBI proposing changes to price discovery rules effective July 1, 2026, impacting future listings.
Understanding Indian REITs: Key Facts & Structure
As of 2026, India has five publicly listed REITs, including Knowledge Realty Trust, offering investors exposure to income-generating real estate. These trusts are mandated by SEBI regulations to distribute at least 90% of their net distributable cash flows as dividends to unitholders.
REITs provide a structured way to invest in commercial properties like offices and malls, generating rental income that is passed on to investors.
- Regulatory Mandate: Indian REITs must distribute a minimum of 90% of their net distributable cash flows as dividends, per SEBI REIT Regulations.
- Asset Focus: REITs primarily invest in completed, income-generating properties, with SEBI requiring at least 80% of assets to be in such properties.
- Listing & Trading: All Indian REITs are listed and traded on major exchanges like the NSE and BSE, similar to equity stocks.
- Minimum Investment: Investors can buy REIT units through a demat account, with the minimum market lot being just 1 unit.
- Taxation : REIT distributions are not as tax-efficient as equity dividends for high-income investors, as per Motilal Oswal.
- Income Requirements: To qualify as a REIT, at least 75% of its gross income must come from rental income or mortgage interest.
- Diversification Benefit: Investing in a single REIT unit provides partial ownership across multiple buildings, offering diversification without direct property ownership.
- Asset Value: Mainboard REITs typically hold assets valued over ₹500 crore, while SM REITs manage assets between ₹50-500 crore.
These structural elements make Indian REITs a distinct investment avenue for those seeking regular income and real estate exposure.
Top REITs in India: Portfolio & Asset Focus
As of 2026, India features five publicly listed REITs, offering investors exposure to diverse real estate assets. These trusts hold income-generating properties like office parks, retail malls, and commercial spaces, distributing at least 90% of their net distributable cash flows as dividends to unitholders (Source: SEBI REIT Regulations).
| REIT Name | Primary Asset Type | Total Leasable Area (Mn Sq Ft) | Key Tenants | Occupancy Rate (%) |
|---|---|---|---|---|
| Embassy Office Parks REIT | Office Parks | 51.6 | High-density tech hubs, GCC tenants | Nearly two-thirds of gross rentals from GCC tenants |
| Mindspace Business Parks REIT | Office Parks | 31.3 (as of 2025) | Global corporations, IT/ITES firms | 90-95 (estimated) |
| Brookfield India Real Estate Trust (BIRET) | Commercial Office Assets | 18.7 (as of 2025) | Multinational companies, financial services | 85-90 (estimated) |
| Nexus Select Trust | Retail Malls | 9.8 (as of 2025) | Leading retail brands, entertainment | Above 97 |
| Knowledge Realty Trust (KRT) | Diversified (Office, Retail, Logistics) | Under development/acquisition | Varied, depending on asset class | Varies by asset |
| DLF Cyber City Developers Limited (DCCDL) | Grade-A Commercial Space | 44 | Major IT companies, corporate offices | High (estimated 90+) |
| India Grid Trust (IndiGrid) | Power Transmission Assets | N/A (Infrastructure) | Power Grid Corporation and state utilities | 100 (contracted) |
These REITs offer investors a way to gain exposure to India’s growing real estate sector without direct property ownership, focusing on stable rental income and potential capital appreciation.
REITs vs Direct Property: Investment Comparison
Investing in Indian real estate can be done through listed REITs or direct property ownership. Listed REITs offer accessibility with investments starting around ₹50,000, while direct property typically requires ₹1-5 crore for commercial assets.
REITs provide professional management and high liquidity, unlike direct property which demands active management and has limited liquidity, as of 2026.
| Feature | Listed REITs | Direct Property Investment |
|---|---|---|
| Investment Accessibility | Accessible to ordinary investors with smaller capital (e.g., ₹50,000) via stock exchanges | Requires significant capital (e.g., ₹1-5 crore) for premium commercial properties |
| Liquidity | High liquidity, units can be easily bought and sold on stock exchanges like shares | Limited liquidity, selling property can be a lengthy process |
| Management | Professionally managed properties, no maintenance headaches for investors | Requires active management, including maintenance, tenant relations, etc. |
| Diversification | One REIT unit gives partial ownership in many buildings, offering diversification; exposure to commercial real estate without direct ownership | Investment typically concentrated in a single property, less diversification |
| Income Potential | Regular income through quarterly distributions (dividends), typically 6-9% yield (2026) | Rental income, but can be inconsistent due to vacancies or management issues |
| Taxation | Dividend income may be tax-free for investors if SPVs pay corporate tax, creating tax efficiency; distributions not as tax-efficient as equity dividends for high-income investors | Higher tax benefits and control, but may involve GST, registration, and other property-related taxes |
| Additional Costs | Brokerage fees for trades, management fees for investments | GST, registration fees, property taxes, maintenance costs |
| Market Exposure | Exposure to a diversified portfolio of commercial real estate assets | Exposure to a single property or a limited number of properties |
REITs offer a diversified, professionally managed, and liquid way to gain exposure to commercial real estate, ideal for investors seeking passive income and lower entry barriers.
Nifty REITs & InvITs Index: Benchmarking Performance
The Nifty REITs & InvITs Index a key benchmark for evaluating the performance of listed Real Estate Investment Trusts and Infrastructure Investment Trusts in India. This index helps investors assess how their REIT portfolios compare against the broader market for these asset classes. As of 2026, India has five publicly listed REITs, with four consistently tracked by major financial platforms.
SEBI regulations mandate that Indian REITs distribute at least 90% of their net distributable cash flows as dividends to unitholders. This ensures a consistent income stream for investors, typically yielding 6–9% quarterly distributions. The Nifty REITs & InvITs Index includes only Indian-domiciled REITs and InvITs listed and traded on NSE or BSE.
Morgan Stanley has identified specific REITs as top picks for 2026, with one unnamed REIT expected to deliver 20.5% returns by FY27. This particular REIT also recorded a five-year total return of over 52% and an 8.85% CAGR, demonstrating stable risk-adjusted returns with a low standard deviation of 13.39% among office REITs.
How to Invest in Indian REITs: Steps & Platforms
Investing in Indian REITs offers exposure to income-generating real estate assets without direct property ownership. As of 2026, India has five publicly listed REITs, including Knowledge Realty Trust, traded on major stock exchanges.
- Open a Demat and Trading Account: You need an active demat and trading account with a SEBI-registered broker to buy and sell REIT units. This is the primary platform for accessing listed REITs.
- Fund Your Trading Account: Ensure sufficient funds are available in your linked bank account to cover the cost of REIT units you wish to purchase. A single REIT unit can be bought at its market price.
- Search for Listed REITs: Use your broker’s trading platform or financial portals like Tickertape Stock Screener to find listed REITs. You can filter by the “Real Estate” sector and other criteria like market CAP or dividend yield.
- Place Buy Orders: Once you identify a REIT, place a buy order for the desired number of units. Indian REITs are listed on both the NSE and BSE, similar to equity stocks.
- Participate in REIT IPOs: For new REIT listings, you can subscribe to an Initial Public Offering (IPO) directly through your demat account. Upcoming IPOs in 2026 include various sectors, but specific REIT IPO dates should be tracked via financial news.
- Consider REIT-focused Mutual Funds: If direct investment seems complex, explore mutual funds or Exchange Traded Funds (ETFs) that invest in REITs. These funds offer diversification and professional management for a fee.
REITs provide regular income through quarterly distributions, typically yielding 6–9% as of 2026, and offer diversification benefits.
Key Takeaways
- India has five publicly listed REITs as of 2026, offering diverse real estate exposure.
- SEBI mandates REITs to distribute at least 90% of their net distributable cash flows as dividends to unitholders.
- REIT units are traded on NSE and BSE, requiring a demat and trading account for investment.
Consult a SEBI-registered investment advisor to align REIT investments with your financial goals.
Frequently Asked Questions (FAQs)
How many listed REITs are there in India in 2026?
As of 2026, India has five publicly listed Real Estate Investment Trusts (REITs). These REITs own and manage income-generating properties like offices, malls, and warehouses. Examples include Mindspace Business Parks REIT and Brookfield India Real Estate Trust.
What is the dividend distribution rule for Indian REITs?
SEBI regulations mandate that Indian REITs must distribute at least 90% of their net distributable cash flows as dividends to unitholders. This ensures regular income for investors. These distributions are typically made quarterly.
Are REITs a good investment in India for passive income?
REITs can be a good option for passive income seekers in India due to the mandatory dividend distribution rule. They offer regular income, typically yielding 6-9% annually (as of 2026), from rental income generated by commercial properties. This provides real estate exposure without direct property ownership.
How are REIT dividends taxed in India?
REIT distributions are taxed at slab rates for high-income investors, unlike equity dividends. Capital gains on REIT units held for over 12 months are taxed at 12.5%, with an exemption of ₹1.25 lakh. Investors should consult a tax advisor for current tax implications.
What types of properties do Indian REITs invest in?
Indian REITs primarily invest in high-value, income-generating real estate assets. These include commercial office spaces, retail malls, industrial warehouses, and data centers. This diversification across property types helps mitigate risk for investors.
How can I find REIT stocks in India?
You can find REIT stocks in India using stock screeners like Tickertape or Screener by selecting the ‘Real Estate’ sector. Apply filters for market CAP, P/E ratio, or dividend yield to narrow down your search. The Nifty REITs & InvITs Index also tracks eligible listed REITs.
What are the benefits of investing in Indian REITs?
Investing in Indian REITs offers benefits like regular income through quarterly distributions and diversification across multiple real estate assets. You gain exposure to premium commercial real estate without the complexities of direct property ownership, such as GST or maintenance. REITs also offer potential capital appreciation.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI) before deciding.