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Mindspace Business Parks REIT: Record Q1, Chennai Lease-Up and Tax Upside Support Growth

Knowledge Realty Trust: India's Largest Office REIT Delivers a Confident FY27 Start

India Office REIT Monthly Tracker - October 2026

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Thematic (Sector/Industry)

India Office reits / Thematic (Sector/Industry)

<ul>
<li>Record H1 CY2026 leasing of 45.5 msf, with GCC (43%) and flex (24%) demand rising as third-party IT services contracts to 13%</li>
<li>Regulatory re-rating underway: SEBI's equity reclassification opens the INR 65 trn mutual fund base, a sixth REIT has listed, and the BSE has launched a REIT benchmark. </li>
<li>Knowledge Realty offers the most growth headroom (18% LTV, largest GAV at INR674bn); Embassy leads on scale (52.5 msf) but has highest leverage; Mindspace and Brookfield remain acquisition led.</li>
</ul>


Record H1 CY2026 leasing of 45.5 msf, with GCC (43%) and flex (24%) demand rising as third-party IT services contracts to 13%
Regulatory re-rating underway: SEBI's equity reclassification opens the INR 65 trn mutual fund base, a sixth REIT has listed, and the BSE has launched a REIT benchmark. 
Knowledge Realty offers the most growth headroom (18% LTV, largest GAV at INR674bn); Embassy leads on scale (52.5 msf) but has highest leverage; Mindspace and Brookfield remain acquisition led.


Brookfield India Real Estate Trust (BIRET IN)

India Office REITs: Structural Demand Meets a Regulatory Re-Rating - August 2026