# Asia REIT market expansion > Live situation record from CLSTR: https://clstr.news/situations/asia-reit-market-expansion > Updated: 2026-09-28T05:59:30.000Z. Sources: 3. Developments: 2. The Asia Real Estate Investment Trust (REIT) market experienced significant growth between 2024 and early 2026, reaching a combined value of US$279.4 billion. This expansion was primarily driven by the Chinese mainland and India. In the Chinese mainland, a commercial real estate REIT pilot program launched in late 2025 expanded eligible assets to include offices, shopping malls, hotels, and mixed-use properties, contributing to 21 of the 27 new regional REIT listings. India has emerged as a key driver through improved market transparency and high investment activity. Following new regulatory frameworks from the Reserve Bank of India, Embassy Office Parks REIT successfully raised ₹1,000 crore through floating-rate Non-Convertible Debentures, marking the first time a scheduled commercial bank provided financing to an Indian REIT at the trust level. Additionally, Mapletree Investments is reportedly evaluating a plan to list a portion of its Indian office portfolio through a REIT, with a potential Mumbai listing targeted for mid-to-late 2027. ## Timeline ### 2026-09-28: India's REIT market expands with Embassy financing and Mapletree plans India's REIT market is expanding as Embassy Office Parks REIT secures ₹1,000 crore in bank financing and Mapletree Investments evaluates a potential office portfolio listing. 2 sources. https://clstr.news/cluster/indias-reit-market-expands-with-embassy-financing-and-mapletree-plans ### 2026-09-21: Asia REIT market value grows 18% driven by China and India Asia's REIT market grew 18% to US$279.4 billion by March 2026, driven by expansion in China and India, while India also saw a significant rise in global real estate transparency rankings. 2 sources. https://clstr.news/cluster/asia-reit-market-value-grows-18-driven-by-china-and-india --- Cite as: Asia REIT market expansion. CLSTR, https://clstr.news/situations/asia-reit-market-expansion