REITs & InvITs in India
REITs and InvITs allow retail investors to earn regular income from commercial real estate and infrastructure without buying the asset directly. Like a mutual fund for physical assets — you buy units on NSE/BSE and receive quarterly distributions.
REITs must distribute 90% of net distributable cash flows. Distributions are quarterly. Minimum investment = 1 unit (traded on exchange at market price).
InvITs follow the same 90% distribution rule and hold infrastructure assets like roads, power lines, and pipelines — typically offering slightly higher yields than REITs.
Real Estate Investment Trusts (REITs)
4 listedEmbassy Office Parks REIT
India's first and largest REIT, with a Grade-A office portfolio across Bengaluru, Mumbai, Pune, NCR, and Hyderabad. Hosts marquee global MNCs and technology companies.
Mindspace Business Parks REIT
Premium Grade-A office REIT with parks across Hyderabad, Mumbai, Pune, and Chennai. Known for campus-style IT parks with large floor plates.
Brookfield India Real Estate Trust
Office REIT sponsored by global alternative asset manager Brookfield. Portfolio concentrated in Gurugram, Noida, Mumbai, and Kolkata with high occupancy from global captives.
Nexus Select Trust
India's first retail REIT, owning 17 operational Grade-A urban consumption centres (malls) across 14 major cities. Beneficiary of India's rising consumer spending.
Infrastructure Investment Trusts (InvITs)
5 listedIRB InvIT Fund
India's first publicly listed InvIT, owning toll road assets across Maharashtra, Karnataka, Rajasthan, and Gujarat. Revenue is driven by traffic volumes on national highways.
Powergrid Infrastructure Investment Trust
InvIT backed by Power Grid Corporation of India, owning five inter-state power transmission assets. Revenue is regulated with long-term transmission service agreements.
IndiGrid InvIT (India Grid Trust)
India's first power sector InvIT, owning inter-state high-voltage transmission lines. Portfolio has grown to become one of the largest privately operated transmission networks in India.
National Highways Infra Trust (NHAI InvIT)
Government-backed InvIT sponsored by NHAI, owning operational toll road assets across five states. Offers quasi-sovereign credit quality with infrastructure-linked returns.
Bharat Highways InvIT
Newest publicly listed road InvIT in India, owning operational NHAI HAM projects in Punjab, Uttar Pradesh, and Andhra Pradesh with annuity-based revenue.
REIT vs InvIT — Key Differences
| Parameter | REIT | InvIT |
|---|---|---|
| Underlying assets | Commercial real estate (offices, malls) | Roads, power lines, pipelines |
| Typical yield | 6–8% | 8–11% |
| Risk profile | Lower (stable tenants, long leases) | Moderate (traffic/usage dependent) |
| Inflation protection | Lease escalations (5–15% every 3y) | Indexed toll escalation (WPI) |
| Regulator | SEBI (REIT Regulations 2014) | SEBI (InvIT Regulations 2014) |
| Distribution mandate | 90% of NDCF quarterly | 90% of NDCF quarterly |
Disclaimer: Unit prices, AUM, and distribution yields shown are approximate as of May 2026. Distribution yields may vary each quarter. Past distributions are not a guarantee of future income. This is not investment advice. Check NSE/BSE for live prices before transacting.