
Green debt’s share in REITs doubled to 12% during 2022-26; sustainability-led funding momentum remains strong: ICRA
Green debt in REITs grew sevenfold to ~Rs. 8,400 crore in March 2026 from ~Rs. 1,200 crore in March 2022August 11, 2026-
-ICRA expects sustainable financing to play an increasingly important role in the funding strategy of Indian real estate investment trusts (REITs) over the medium term, supported by a high proportion of green-certified assets, growing environmental, social and governance (ESG) commitments, rising preference of investors for sustainable investments and evolving regulatory frameworks. Reflecting this trend, outstanding green borrowings of Indian REITs increased sharply to around Rs. 8,400 crore as of March 2026 from approximately Rs. 1,200 crore in March 2022, doubling the share of green debt in total REIT borrowings to about 12% from 6% during the period. ICRA expect...








