5 Best REITs in India for Passive Income
Every Indian knows real estate is the most stable and reliable asset class. The demand for properties in India will continue to rise due to the increasing population and income levels. If you want to invest in real estate but don’t have enough money to purchase a whole property or the time to manage it, you can invest in a REIT or real estate investment platform. Here is a list of the most popular options available on the market.
1. Embassy Office Parks REIT
Office Parks is the first listed REIT in India. It owns and operates a 45.0 million square feet portfolio of eight office parks and four office buildings in India’s best-performing office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (NCR). The portfolio comprises a 34.3 million square feet completed operating area and is home to 230 of the world’s leading companies. The portfolio also includes strategic amenities such as four operational hotels, two under-construction hotels, and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT has received multiple awards for its industry-leading ESG program from renowned global institutions and was awarded a 5-star rating both from the British Safety Council and GRESB.
2. Mindspace Business Parks REIT
Mindspace Business Parks REIT is a real estate investment trust that owns grade-A office parks and business parks in India. This trust was launched in 2019 and is managed by the K Raheja Group.
3. Nexus Select Trust
Nexus Select Trust Ltd is a real estate investment trust that owns high-quality shopping malls in India. It is the first listed shopping center REIT in India. The trust owns 17 Grade A urban centers with a total leasable area of 9.8 million square feet, two hotels (354 keys), and three offices with 1.3 million square feet. Nexus Select Trust serves across 14 cities in India including Delhi, Navi Mumbai, Bengaluru, Pune, Hyderabad, and Chennai, which constituted 30% of India’s total discretionary retail spending in FY2022.
4. Brookfield India Real Estate Trust
Brookfield India Real Estate Trust is managed institutionally and sponsored by Brookfield Asset Management, one of the largest asset managers in the world. The trust manages five Grade-A campus-style office parks in key gateway cities across India, making it the preferred 'landlord of choice’. As of March 31, 2023, the trust had a total leasable area of 18.7 million square feet, including 14.3 million square feet of completed office space, 0.6 million square feet under construction, and 3.9 million square feet for future development. The trust had an occupancy of 89% and 75 office tenants.
5.CrowdSquare Real Estate Investment Site
CrowdSquare is an investment platform revolutionizing the way investors access real estate. It is the first investment website to provide an easy-to-use and low-cost experience to access the historically consistent, exceptional returns of investment real estate. CrowdSquare uses state-of-the-art technology to ensure investors always have access to secure, asset-backed investments that are hand-picked by experts.
Disclaimer: This information is not investment advice. Please, keep in mind that all investments involve risk.
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