India currently has $35 billion worth of office spaces that are eligible to be listed under the Real Estate Investment Trust (REIT), according to property consultant JLL India. REIT is an investment tool that owns and operates rent-yielding real estate assets. It allows individual investors to make investment in this platform and earn income. The successful listing of India’s first REIT floated by Embassy Office Parks heralds the institutionalisation of real estate assets and indicates enhanced maturity and professionalism in the real estate market, JLL India Chief Executive Officer and Country Head Ramesh Nair said. According to JLL’s latest report, Indian commercial real estate market is estimated to provide 294 million sq ft of REITable space from the existing office stock. The report found out that with 33 per cent share of REITable space, Bengaluru will provide the highest REITable assets totaling 97.8 million sq ft, worth $10.7 billion. Mumbai follows Bengaluru with 17 per cent share of total REITable space at 49.7 million sq ft worth $8.6 billion. Emergence of new office space occupiers, continued demand from IT/ITeS, global in-house centres along with the BFSI space are expected to keep office space demand robust over the next three years.