'Realty Discovered' by Nikhil Pattani

Cover Story Institutional India |  How Global Capital Is Rewriting the Rules of Indian Real Estate Aakash Setalvad The turning point came with regulatory clarity and the formalization of the sector, driven largely by frameworks introduced by Securities and Exchange Board of India. The introduction of Real Estate Investment Trusts (REITs) has democratized access to high-value commercial assets, allowing retail investors to participate in income-generating properties that were once reserved for institutions. India’s appeal lies in its yield advantage. Compared to saturated Western markets, Indian office and retail assets offer relatively higher returns with strong occupancy rates, particularly in top-tier cities. Grade A office spaces, driven by global capability centers and tech firms, continue to attract long-term leases, ensuring stable cash flows. India’s real estate market has entered a decisive phase where global institutional capital is no longer testing waters—it is building ...