Crisil sees office REIT portfolio growing to 190-195 MSF by FY27

Indian office REITs are poised for significant expansion, projecting a 25-30% increase in leasable space by next fiscal year, largely through acquisitions. Strong demand from flexible workspace operators and financial institutions is expected to maintain high occupancy rates of 92-93%. This robust demand, coupled with increasing rents, will likely keep profit margins healthy at around 70%, even as debt is used to fund growth.

By TOI REAL ESTATE DESK