{"id":1428,"date":"2017-03-27T15:57:31","date_gmt":"2017-03-27T10:27:31","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1428"},"modified":"2017-03-27T15:57:31","modified_gmt":"2017-03-27T10:27:31","slug":"will-indias-commercial-real-estate-market-get-it-reit","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/will-indias-commercial-real-estate-market-get-it-reit\/","title":{"rendered":"Will India\u2019s commercial real-estate market get it REIT?"},"content":{"rendered":"<p class=\"body\">The much awaited Real Estate Investment Trust (REIT) listing is inching closer to reality and India has rent- yielding office inventory of 537 million sq ft worth over $70 billion.<\/p>\n<p class=\"body\">According to a joint report by KPMG, Naredco, Hariani &amp; Company and Knight Frank, titled \u2018REIT-able Space in India: A Closer Reality\u2019, $121 billion or 1.73 billion sq ft occupied commercial real estate across office, retail and warehouse segments could potentially benefit from the REIT opportunity<\/p>\n<p class=\"body\">According to the report, the Indian real estate market, which is supported by a strong economic growth, a large portfolio of completed commercial real estate projects and a conducive investment climate, offers a big opportunity for REITs.<\/p>\n<p class=\"body\">In the case of office and retail, approximately 537 million sq ft and 75 million sq ft respectively is REIT-able area located in the top seven cities of Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata and Pune. In the case of warehousing space, the all-India estimate is approximately 1,127 mn sq ft.<\/p>\n<p class=\"body\">\n<p class=\"body\">Read more:\u00a0<a href=\"http:\/\/www.thehindubusinessline.com\/news\/real-estate\/will-indias-commercial-realestate-market-get-it-reit\/article9600763.ece\" target=\"_blank\">The Hindu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The much awaited Real Estate Investment Trust (REIT) listing is inching closer to reality and India has rent- yielding office inventory of 537 million sq ft worth over $70 billion. According to a joint report by KPMG, Naredco, Hariani &amp; Company and Knight Frank, titled \u2018REIT-able Space in India: A Closer Reality\u2019, $121 billion or\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/will-indias-commercial-real-estate-market-get-it-reit\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[169,110],"class_list":["post-1428","post","type-post","status-publish","format-standard","hentry","category-policy","tag-cre","tag-reits"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1428"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1428\/revisions"}],"predecessor-version":[{"id":1429,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1428\/revisions\/1429"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}