New Delhi, March 19 -- The demand for real estate investment trust (REIT) in India is rising by a combination of factors -- strong hiring by Global Capability Centres (GCCs) alongside increasing return-to-office mandates said a report by Jefferies.

Corporates are increasingly opting for REIT, the multinational investment company said in its report.

Jefferies backed its argument with data. It said that the office vacancy levels declined by 1.5 percentage point in 2024, though they are still 5 percentage point above the 2019 lows. Net office absorption in 2024 was at a record high of 50 m square feet and outstripped supply by 10 per cent.

A benign interest rate outlook is conducive for REIT performance in the months ahead, Jefferies affi...