Avendus sees ₹11.6 lakh crore flowing into India's REITs and InvITs by 2030

Avendus Capital, in a report released on June 16, projected that India's REIT and InvIT market will draw roughly ₹11.6 lakh crore of fresh investment over the next five years, lifting combined assets under management past ₹20 lakh crore by 2030 — about double today's level. The report, titled "Trust the Structure," frames these trusts as moving from a niche product toward mainstream financial infrastructure.

Much of that capital is expected to come from domestic institutions. Avendus estimates mutual funds could deploy around ₹4.6 lakh crore, insurers about ₹3.2 lakh crore and pension funds roughly ₹2.2 lakh crore by 2030. It also notes that domestic institutions have so far used only about 7.5% of their permitted exposure to these trusts, implying close to ₹7 lakh crore of headroom still untapped.

For Maharashtra, the read-through is mainly on commercial property and infrastructure financing rather than on flats. Mumbai and Pune anchor much of the country's institutional-grade office stock that underpins existing REITs, and deeper trust markets give developers and asset owners another funding and exit route — timely after SEBI's recent move to treat REITs as equity, which widens the investor base.

The figures are projections, not commitments, and hinge on interest rates, the pace of new listings and how quickly large owners choose to monetise assets. Even so, the direction points to more patient institutional money entering Indian real assets — a backdrop that tends to favour the larger, governance-led developers active across the MMR.