Connect with us

Buzz

India REITs market poised to evolve in 2021, led by Bengaluru, at 88 million sq. ft: JLL

MUMBAI, India, March 30, 2021 /PRNewswire/ — India’s Real Estate Investment Trust (REIT) market will enter a period of prolonged growth, with more REITs forecast to be listed in 2021 and beyond. According to JLL, the number of buyers and sellers will broaden significantly with the listing of more REITs in India, further increasing market liquidity and yield compression, and the incentive to securitise property assets. 
“The continued success of listed REITs in India can be attributed to sponsor quality, track record and ability to stay transparent and deliver predicable returns. JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq. ft that could be securitised with an estimated value of USD 36 billion (INR 262,800 crores). This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. The office space led the pack among asset classes in India, with direct office transactions reaching USD 3.1 billion in 2020, underscoring its importance to future REIT listings in India.” Dr. Samantak Das, Chief Economist and Head Research & REIS, JLL.
Bengaluru is identified as India’s largest source for potential assets available for securitisation, accounting for 31% or 88 million sq ft of REIT worthy asset, valued at USD 11.16 billion (INR 81,468 crores). The city, with large IT spaces housing global occupiers, will be the most favoured market for newly listed REITs, given that most assets are singly owned by developers or large funds, allowing for the aggregation of assets into managed structures.
REIT worthy assets/ Stocks across other major Indian cities
City
(mn sq ft)
In %
Value USD bn
Value INR cr
Delhi NCR
48.3
17%
6.48
47,304
Mumbai
36.9
13%
6.84
49,932
Chennai
36.9
13%
4.68
34,164
Hyderabad
36.9
13%
3.24
23,652
Pune
31.2
11%
3.24
23,652
Source: JLL Research
The listed markets in India performed well, providing confidence in the future of the India REIT sector.
The forecast for more listings follows the successful launch of India’s third sponsored REIT in early 2021. Since the first India REIT was listed in 2019, a framework for improved liquidity, transparency, and corporate governance was created for REITs to thrive.
“India’s REIT evolution has been both rapid and revolutionary for the real estate sector. The fact that the closing of transactions was made possible even amidst a pandemic has demonstrated the maturity of the market and transformed India’s real estate corporate finance landscape and market liquidity. Furthermore, we are encouraged by the larger domestic institutional investor participation in the more recent listings and the emergence of a public private arbitrage play welcomed by all investors in the market,” says Priyank Shah, Director, Capital Markets, Asia Pacific, JLL. 
There are opportunities for institutional investors to participate in this structural theme, potentially by assembling complementary portfolios for securitisation into REITs, or co-investing with existing platforms pre-IPO. Despite challenging socio-economic environment, the current REIT framework in India as compared to other mature markets, have already set the stage for continued success for the sector. These include the quality of sponsors, their market experience and relationships within the India real estate eco-system and the quality of the first REIT portfolios, including the high-quality tenant profiles, lease expiry profiles and diversity of assets.
Several factors have given investors and regulators more confidence in the REIT space’s future in 2021 and into the future. The first two listed REITs’ healthy performance lowered the marginal cost of capital for Indian real estate. Additionally, REIT sponsors successfully recycled capital post-listing through asset divestments and rationalisation of their equity stakes, which raised institutional groups’ confidence to acquire larger portfolios.
“As listed REITs grow organically and inorganically and more REITs get listed, these structural themes will become even more pronounced. Some major players are already building quality portfolios across diverse asset classes and we could potentially see more retail, warehousing and hotel assets in future REIT offerings as well,” says Regina Lim, Head of Capital Markets Research, Asia Pacific JLL.
The market’s fundamentals make it a high-priority sector and have prompted the government to bring in major reforms to make it more accessible and attractive for foreign investors. Attractive tax structures and relaxing regulatory norms for sponsors aim to make Indian REITs more attractive to global equity investors and domestic institutional and retail investors.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
In India, JLL has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi and Coimbatore) and over 130 tier II & III markets with a cumulative strength of close to 12,000 professionals. Headquartered out of Mumbai, we are India’s premier and largest professional services firm specializing in real estate. Our services cover various asset classes such as commercial, residential, industrial, retail, warehouse and logistics, hospitality, healthcare, senior living, data centre and education. For further information, please visit jll.co.in. 
 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Buzz

Style Baazar Hosts Star Cast of Upcoming Bengali Film Abhhiman at Avani Riverside Mall

KOLKATA, India, June 24, 2026 /PRNewswire/ — Style Baazar welcomed the cast and creators of the upcoming Bengali film Abhhiman at its store at Avani Riverside Mall, Kolkata, on June 20, 2026. The special event saw the presence of Bengal’s iconic superstar Prosenjit Chatterjee, acclaimed actor and producer Jisshu U Sengupta, and filmmaker Indraadip Dasgupta, who interacted with fans and shared insights about the much-anticipated film.

Produced by Why So Serious Films, Abhhiman is an emotional drama that explores themes of memory, music, relationships, and redemption through the lives of its central characters. The film brings together some of Bengali cinema’s most celebrated talents in a compelling story of human connection and self-discovery.The event marks Style Baazar’s association with Abhhiman, reinforcing the brand’s commitment to celebrating regional culture and meaningful storytelling.Commenting on the association, Mr. Shreyans Surana, Managing Director, Style Baazar, said: “At Style Baazar, we have always believed in building meaningful connections with our customers through culture and community. Bengali cinema holds a special place in the hearts of our consumers, and we are delighted to associate with a film like Abhhiman, which brings together some of the industry’s finest talents and a powerful story. We were thrilled to host the cast and creators at our Avani Riverside Mall store and look forward to supporting this cinematic journey.”Speaking about the collaboration, the team behind Abhhiman expressed appreciation for Style Baazar’s support in bringing audiences closer to the film through such consumer-focused engagements.With over 270 stores across 10 states, Style Baazar continues to strengthen its cultural connect by partnering with initiatives that celebrate entertainment, creativity, and community engagement. 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/style-baazar-hosts-star-cast-of-upcoming-bengali-film-abhhiman-at-avani-riverside-mall-302809210.html

Continue Reading

Buzz

11 SPJIMR faculty featured in Ivey Publishing’s 2026 global Bestsellers and Classics cases’ lists

SPJIMR cases ranked among the most widely used teaching materials worldwide, reinforcing the institute’s growing influence in case-based management educationMUMBAI, India, June 23, 2026 /PRNewswire/ — Eleven (11) faculty members from Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) are featured in Ivey Publishing’s Bestsellers 2025–2026 list and Ivey Classics 2016–2026 list, which recognise the most widely used teaching cases globally across disciplines.
These cases earned their place in classrooms because they provoke questions. The ones that endure are those that capture real dilemmas, invite multiple perspectives, and encourage learners to wrestle with uncertainty. This recognition of SPJIMR’s 11 faculty members reflect the value of creating learning experiences that challenge assumptions, spark debate, and help students think more deeply about complex managerial decisions.Ivey Publishing, the case-publishing arm of Ivey Business School at Western University, Canada, compiles its annual Bestsellers and Classics lists based on classroom adoption data drawn from business schools globally. Cases are ranked by frequency of use within each discipline, making the lists a direct measure of pedagogical impact and educator trust.With eight ranked positions across six disciplines in the Bestsellers list—Communications, Economics & Public Policy, Entrepreneurship, Management Science, Marketing, and Strategy—the recognition reflects SPJIMR’s sustained contribution to case-based management education in classrooms around the world and the growing relevance of India-rooted business insights.SPJIMR cases in the Bestsellers 2025–2026 listDisciplineCase titleSPJIMR facultyCommunications (#1)             Is That an Order?Prof. Vineeta Dwivedi and Prof. Tulsi JayakumarEconomics & Public Policy (#2) Inflationary Targeting in India: Replace, Rejig, or Reaffirm Targeting?       Prof. Tulsi JayakumarEconomics & Public Policy (#3)Is Japan’s Monetary Policy a Rational Expectations Saga?Prof. Preeta George and Prof. Monika GuptaEntrepreneurship (#6) Savemom: The Smart Wearable Solution for Maternal Health Care Prof. Renuka Kamath (with co-author Shrinath V.; PGDM 2007 alum)Management Science (#3)Jay Bharat Spices Pvt. Ltd.: A Spicy Quandary           Prof. Amol S. Dhaigude (with co-authors Shravan M. Parsam and Sidhartha Padhi)Management Science (#8)     JSW Steel Ltd.: A Logistics Dilemma         Prof. Amol S. Dhaigude and Prof. Debmallya ChatterjeeMarketing (#1)            Snaqary Snacks: Building a Start-Up Brand Prof. Ashita Aggarwal (with co-author Suraj Commuri)Strategy (#5)   Parag Milk Foods: Driving Growth through Brand-Building in India’s Dairy Industry           Prof. Ashita Aggarwal and Prof. Rajiv AgarwalThe Classics 2016–2026 list recognises the 25 most-used cases of the past decade across a wide range of disciplines and topics, from general management, strategy and leadership to marketing and finance. It includes five SPJIMR faculty membersSPJIMR cases in the Classics 2016–2026 listDiscipline Case title SPJIMR facultyGeneral Management, International Business (#7)Building a Backdoor to the iPhone: An Ethical Dilemma Prof. Tulsi Jayakumar and Prof. Surya TahoraAccounting, Entrepreneurship, International Business (#15)Anandam Manufacturing Company: Analysis of Financial StatementsProf. Vinay Goyal (with co-author S.K. Mitra)Entrepreneurship, International Business, Marketing (#22)Evoe Spring Spa: A Positioning Dilemma Prof. Ashita Aggarwal and Prof. Renuka Kamath (with co-author Sunil Rao)This year, Prof. Aggarwal and Prof. Kamath’s case on Evoe Spring Spa is among the four cases that have joined the Ivey Classics list for the first time.Commenting on the recognition, Prof. Varun Nagaraj, Dean, SPJIMR, said, “Great teaching cases immerse learners in the complexity of decision-making. The global adoption of our cases reflects SPJIMR’s commitment to creating scholarship that is rigorous, relevant, and rooted in real-world challenges. We are particularly proud that many of these cases emerge from Indian contexts yet resonate with educators and students globally. This recognition reinforces our belief that management education is most powerful when it equips learners to navigate ambiguity with judgement, purpose, and responsibility.”The 2026 recognition is the latest in an unbroken run of Ivey distinctions for SPJIMR faculty. It reflects a commitment to developing cases that are grounded in real business contexts and structured to generate insight that transfers across markets and industries. SPJIMR cases have covered topics as varied as macroeconomic policy, supply chain logistics, brand strategy, and maternal health technology, reflecting the breadth of the faculty’s research interests and their conviction that the classroom is itself a site of serious intellectual inquiry.For more news and updates, visit our Newsroom.About SPJIMRBharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) is one of India’s leading postgraduate management institutes. It is recognised in the Financial Times MiM rankings as the #35 business school globally and among the Top 3 in India, ranked by Business Today as one of the country’s top five business schools, and rated by the Positive Impact Rating as one of the top five schools worldwide for societal impact. Known for its innovative and socially-conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and its leaders, and society. SPJIMR holds the international ‘Triple Crown’ of accreditations from EQUIS, AACSB, and AMBA.Visit SPJIMR.org for more information.Logo: https://mma.prnewswire.com/media/1896222/5639305/SPJIMR_Logo_1.jpg

View original content:https://www.prnewswire.com/in/news-releases/11-spjimr-faculty-featured-in-ivey-publishings-2026-global-bestsellers-and-classics-cases-lists-302807379.html

Continue Reading

Buzz

Chandigarh University Uttar Pradesh Signs MoU with Film Society of India to Establish ‘Film Gurukul Studio’ to Nurture Future-ready Filmmakers

Chandigarh University UP Collaborates with Film Society of India to Cultivate Future-ready Media Professionals through Expert Mentorship & Experiential LearningLUCKNOW, India, June 22, 2026 /PRNewswire/ — To provide experiential learning to its students in media and filmmaking, Chandigarh University, Uttar Pradesh has signed a Memorandum of Understanding (MoU) with the Film Society of India (FSI). As part of the collaboration, a Film Gurukul Studio would be established at the varsity campus to provide students with industry-oriented training, internship opportunities and hands-on exposure to filmmaking, workshops, masterclasses, exposure to live industry projects and guest lectures by FSI’s network of filmmakers, media professionals and cultural practitioners.

The MoU was signed between Chandigarh University’s School of Media Studies and Film Society of India (FSI) recently in the presence of Dr. TP Singh, Pro Vice-Chancellor, Chandigarh University Uttar Pradesh, and Dr. Durgesh Pathak, President, Film Society of India, among other senior officials of Chandigarh University Uttar Pradesh.As part of the collaboration, CU Uttar Pradesh and FSI would jointly organize film festivals, media conclaves, screenings and cultural events that enrich the campus creative ecosystem. The agreement would also encourage collaborative research, publications and creative media projects of academic and cultural significance, nurturing an environment of entrepreneurship and innovation in media, entertainment and the creative arts sector. The MoU is also expected to open new opportunities for students interested in exploring careers in media, cinema, content creation and other creative domains.In a joint statement released by CU UP and FSI, officials mentioned that as part of the collaboration, students will have access to a range of short-term courses and specialized training programmes covering various aspects of filmmaking and media production. The programmes will combine theoretical knowledge with practical learning to help students develop a deeper understanding of storytelling, cinematography, editing, sound design, production processes and other critical aspects of the creative industries. The proposed Film Gurukul Studio is expected to serve as a dynamic learning space where students can engage in practical projects, receive mentorship from industry professionals and gain exposure to contemporary filmmaking practices.Jai Inder Singh Sandhu, Managing Director, Chandigarh University, said, “At Chandigarh University, we lay emphasis on providing experiential learning to our students by exposing them to live industry projects. The MoU signed between CU and FSI will go a long way in polishing the budding talent of Chandigarh University and transform them into future-ready professionals in media, art and entertainment industries. The programmes are intended to combine theoretical knowledge with practical training, enabling learners to gain deeper insights into the functioning of the creative and entertainment industries. Our students will no longer just read about cinema in textbooks; they will create it.”About Chandigarh University Uttar Pradesh (Lucknow)Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education. Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India’s No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.Website address: https://www.culko.in/Photo: https://mma.prnewswire.com/media/2998171/Chandigarh_Univ_UP_MoU_FSI.jpg 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/chandigarh-university-uttar-pradesh-signs-mou-with-film-society-of-india-to-establish-film-gurukul-studio-to-nurture-future-ready-filmmakers-302806401.html

Continue Reading

Trending