India's REITs Expand into Data Centres as Market Grows

India has overtaken Hong Kong to become Asia's fourth-largest REIT market, with real estate investment trusts increasingly turning from office towers to data centres and AI infrastructure. The shift comes as the country's coal demand is set to jump 4.2% amid critically low plant stocks, while a new U.S. sanctions law threatens India's large Russian oil trade. India is also reclaiming land beneath waste as cities transform legacy dumpsites.