India's REIT sector enters transformational growth phase, expanding beyond traditional office assets into malls, logistics, and data centers while targeting tier-2 cities for geographic diversification.

India has four REITs listed—but have they lived up to investor expectations? Dive into 2025 data, returns, risks, and the real story behind REIT performance.

Nexus Select Trust, backed by Blackstone, has acquired Vega City Mall in Bengaluru for ₹913 crore, marking its fourth retail acquisition in the city. This strategic move strengthens its position as the largest retail REIT in Bengaluru.

Nexus Select Trust, a major REIT, is in talks to buy Chennai's Marina Mall, which has about 600,000 square feet of retail space. Direct sources said Nexus Select Trust's growth plan included this substantial move.

Nexus Select Trust, the Blackstone Group's retail arm, is poised to expand in India. The agreement to buy 1 million square feet of malls in Hyderabad from L&T Metro is valued at ₹1,100 crore. This massive purchase comprises the E-Galleria Mall in Moosarambagh, the L&T Metro Mall in Punjagutta.

Nexus Select Trust REIT, India's first real estate investment trust (REIT) with retail properties, will initiate its initial public offering to raise more than INR 4,000 crore in the first week of May, 2023 according to concerned sources.