India’s Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) could expand 2-3x from the existing assets under management (AUM) by 2030, supported by low penetration across several infrastructure segments, according to an Ionic Wealth chartbook.

The report stated, “market opportunity for REITs and InvITs is set to increase 2-3x from the existing AUM by 2030 and estimates the current AUM of REITs at around Rs 3.2 lakh crore, covering office and retail assets, this could increase to about Rs 6.8 lakh crore by 2030. For InvITs, covering roads and other infrastructure sectors, current AUM of about Rs 5 lakh crore could increase to around Rs 13.4 lakh crore by 2030.

The study conducted also highlighted under-penetration across several infrastructure segments as a key opportunity for expansion. REIT and InvIT penetration stands at 8.6 percent for roads, 2.7 percent for transmission lines, 2 percent for solar capacity, 5.9 percent for natural gas pipelines and 8.1 percent for warehousing. Office stock penetration came at 19 percent.

Experts believe India’s listed real-asset existence has now expanded beyond offices and traditional infrastructure into different segments. “India’s listed real asset universe now spans office parks, roads, transmission, renewables, warehousing, telecom towers, fibre and gas pipelines – making asset-class selection central to investor returns,” the chartbook said. The report stated that REITs and InvITs are gaining relevance as investors look for predictable cash flows and exposure to real assets. “As investors look for predictable cash flows in uncertain markets, REITs and InvITs are emerging as a regulated route to own India’s offices, roads, power, warehouses and infrastructure.”

In terms of performance, the Ionic Wealth chartbook showed that the Nifty REITs & InvITs Total Returns Index delivered a five-year compound annual growth rate (CAGR) of 12.73 percent as of July 31, 2026, higher than the 10.41 percent return generated by the Nifty 50 Total Returns Index over the same period. The Nifty Realty Total Returns Index, however, delivered a higher five-year CAGR of 18.17 percent. This data include dividends as per the report. REITs and InvITs also recorded lower volatility as per the study conducted.