REITs Expand as Housing Demand Faces Pressure

Commercial real estate widened its investor base as REIT payouts reached 4.85 lakh unitholders and office leasing created a potential 150 million square foot ownership pipeline. Housing shifted toward price-led growth, with sales declining even as prices increased.

Investor caution was clearest in Horizon Industrial Parks, where logistics growth and debt reduction failed to overcome weak subscription and widening losses. Enforcement pressure also broadened from warnings about concealed RERA details to property attachment, a sealed-cover investigation and an arrest in a cheating case.