Delays faced by India’s Development of Enterprise and Services Hub (DESH) Bill has resulted in challenging conditions for India-listed REITs.

But amid these challenges, at least one indisputable certainty has emerged - demand for office spaces is rising exponentially across India despite the earlier proliferation of work-from-home (WFH) arrangements.

This was the assessment provided by Vinod Rohira, CEO of India’s Mindpsace Business Parks REIT (Mindspace REIT).

The REIT owns a portfolio of 10 business parks and office assets across India and recently reported its financial results for the financial year ended 31 March 2023.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.