Blackstone stake sale

Blackstone sold a stake in Knowledge Realty Trust, with PPFAS Asset Management and 360 ONE Asset Management as key buyers.

Domestic activity surge

Domestic investors acquired assets worth more than Rs 15,000 crore over the past 18-24 months.

REITs expand holdings

Listed REITs held a combined gross asset value of Rs 3.13 lakh crore in Grade-A assets as of May 2026.

Rental demand growth

India’s cost-efficient talent pool drives robust tenant demand from global capability centres and multinationals.

Hybrid investment appeal

Commercial real estate offers equity-like upside with fixed-income-like rental distributions.

Rathi on acquisition opportunities

Rathi noted global investor slowdown has opened attractive acquisition opportunities for domestic players.

“The slowdown from some global investors has opened up attractive acquisition opportunities, potentially allowing players like us to step in and secure assets at more favourable valuations and terms.”

Foreign inflows decline

Foreign capital inflows into Indian real estate fell to Rs 2,208 crore in FY26 from Rs 6,043 crore in FY21.

Domestic cushioning impact

Domestic investors have cushioned moderation in global capital inflows as interest rates rise.

“Investments by domestic investors have increased in recent quarters and will continue to grow as interest rates go up.”

Long-term capital needs

Domestic investors need access to abundant capital at cheaper rates for long-term growth.

“For a short period, they have filled the gap. But if they have to do this meaningfully in the long run, they need access to abundant sources of capital at cheaper rates.”