Kolkata, Oct. 17 -- India's retail real estate sector is on the road of a major transformation as the country's Real Estate Investment Trust (REIT) ecosystem is still dominated by commercial office assets, the next wave of growth can come from retail malls, shopping centres, and mixed-use developments.
Consolidation of quality retail assets, steady consumer spending, and rising urban incomes are driving this shift.
Data from ANAROCK research estimates that the Indian retail REIT market can become between Rs 60,000 - Rs 80,000 crore market by 2030 - roughly 30-40 percent of India's overall REIT market, which is projected to touch USD 25 billion (Rs 2 lakh crore) by 2030.
Anuj Kejriwal, CEO & MD - ANAROCK Retail, said "Currently, out of th...