$258 bn market by 2028: InvITs are becoming India's hottest asset class
Aug 19 2025
In India, there are currently five REITs and seventeen InvITs listed in the stock exchange, with a combined market capitalization of $33.2 bn.
India’s Infrastructure Investment Trust (InvIT) market is projected to expand 3.5 times to $258 billion by 2030, according to a new study by Knight Frank India. The report highlights India’s emergence as a global magnet for infrastructure capital, supported by government policies, growing institutional interest, and a pipeline of brownfield and greenfield projects.
InvITs Outpace REITs in India
As of FY 2025, the Assets Under Management (AUM) of InvITs in India stands at $73.3 billion, nearly 3.5 times higher than the $20.6 billion managed by REITs. Together, InvITs and REITs have grown their combined AUM to U$93.9 billion in FY 2025, more than double the $42.1 billion recorded in FY 2020.
India now ranks as the fourth-largest REIT and InvIT market in Asia, with five REITs and 17 InvITs listed on stock exchanges, boasting a combined market cap of $33.2 billion.
Publicly listed REITs and InvITs of select economies
