Hyderabad: Hyderabad emerged as India’s second-highest REIT-penetrated office market, with REIT-owned assets accounting for 20% of its operational office stock. The Hyderabad REIT office market expanded sharply by June 2026, according to an ASSOCHAM-Knight Frank India report.
The findings appeared in the latest report, “Building Viksit Bharat – Real Estate as a Catalyst for Growth.” It highlighted Hyderabad’s growing position among India’s leading markets for institutional real estate.
Hyderabad had 129.1 million sq ft of operational office space. Of this, 26.2 million sq ft was backed by Real Estate Investment Trusts, or REITs. Moreover, the city’s office REIT stock more than doubled within a year. It increased 111% from 12.4 million sq ft in June 2025 to 26.2 million sq ft in June 2026.
Hyderabad REIT office market records 111% growth
The sharp expansion of the Hyderabad REIT office market reflected increasing institutional ownership of commercial real estate. Established commercial hubs such as HITEC City supported this growth, along with the city’s strong occupier base.
Institutional investment also expanded beyond Hyderabad’s office sector. As of June 2026, the city had recorded 0.8 million sq ft of operational retail REIT assets. The retail portfolio indicated an expanding institutional footprint across different real estate asset classes in Hyderabad.
Joseph Thilak, Executive Director – Occupier Strategy & Solutions and Head of Data Center Business (India), Hyderabad, Knight Frank India, said REIT expansion reflected deeper institutional capital participation.
He said the rapid increase in REIT stock demonstrated the growing depth of institutional capital in Hyderabad’s commercial real estate sector.
Furthermore, Thilak said Hyderabad’s established office clusters and occupier ecosystem would continue supporting large institutional portfolios. These factors would position the city as an important market for the next phase of India’s REIT-led office growth, he added.
At the national level, real estate attracted cumulative private equity investment of $59.8 billion between 2015 and the first half of 2026. The office sector accounted for 46% of that investment.
Meanwhile, Hyderabad also strengthened its position in emerging commercial real estate segments. These included Global Capability Centres, or GCCs, and data centres, alongside its established office market.