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Investment

REIT / InvIT NRI Guide

Invest in Indian REITs and InvITs as an NRI — yield calculator, TDS breakdown, and repatriability guide

4 REITs4 InvITsNRI TDS calculator

PIS required: REIT/InvIT units are secondary-market securities. NRIs need a PIS (Portfolio Investment Scheme) account linked to their NRE/NRO bank account. US/Canada NRIs: FATCA restrictions apply — only ICICI Direct supports US/CA NRIs for these instruments.

Embassy Office Parks REIT

REIT

Commercial Office · Bengaluru, Mumbai, NCR, Pune, Chennai

7.5%

Gross yield

NSE ticker

EMBASSYOFFICE

Price/unit

₹372

Distribution/unit/yr

₹27.9

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• India's largest REIT by AUM (~43.6 mn sq ft)

• Tenants include Google, JP Morgan, Microsoft, WeWork

• Strong occupancy (~88%) with long-term leases

Distribution split (typical)

Interest 75% — TDS 30%Dividend 10% — TDS 20%Return of Capital 15% — No tax

Mindspace Business Parks REIT

REIT

Commercial Office · Mumbai, Hyderabad, Pune, Chennai

8%

Gross yield

NSE ticker

MINDSPACE

Price/unit

₹326

Distribution/unit/yr

₹26.1

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• 31.8 mn sq ft gross leasable area across 4 cities

• Tenants: Accenture, Amazon, Deutsche Bank, HSBC

• Sponsored by K Raheja Corp

Distribution split (typical)

Interest 73% — TDS 30%Dividend 12% — TDS 20%Return of Capital 15% — No tax

Brookfield India Real Estate Trust

REIT

Commercial Office · NCR, Mumbai, Kolkata, Pune

8.5%

Gross yield

NSE ticker

BIRET

Price/unit

₹288

Distribution/unit/yr

₹24.5

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• Backed by Brookfield Asset Management (global alternative asset manager)

• 19.7 mn sq ft across 4 integrated business parks

• Tenants: Barclays, Bank of America, Concentrix, Accenture

Distribution split (typical)

Interest 78% — TDS 30%Dividend 8% — TDS 20%Return of Capital 14% — No tax

Nexus Select Trust

REIT

Retail Malls · 17 cities across India

7.5%

Gross yield

NSE ticker

NEXUS

Price/unit

₹134

Distribution/unit/yr

₹10.1

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• India's first and only retail mall REIT

• 17 Grade-A malls with 10.6 mn sq ft

• Blackstone-backed; strong tenant roster

Distribution split (typical)

Interest 68% — TDS 30%Dividend 16% — TDS 20%Return of Capital 16% — No tax

IRB InvIT Fund

InvIT

Road Infrastructure · National highways across India

9%

Gross yield

NSE ticker

IRB

Price/unit

₹64

Distribution/unit/yr

₹5.76

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• India's first publicly listed InvIT (2017)

• 7 BOT road projects; long-term concession agreements (20-25 yrs)

• Inflation-linked toll revenues

Distribution split (typical)

Interest 82% — TDS 30%Dividend 6% — TDS 20%Return of Capital 12% — No tax

India Grid Trust (IndiGrid)

InvIT

Power Transmission · Pan-India high voltage transmission

9%

Gross yield

NSE ticker

INDIGRID

Price/unit

₹136

Distribution/unit/yr

₹12.24

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• Largest power transmission InvIT; KKR-backed

• ~50 transmission projects; revenue from regulated CERC tariffs

• Very predictable cash flows — regulated utility-like income

Distribution split (typical)

Interest 80% — TDS 30%Dividend 8% — TDS 20%Return of Capital 12% — No tax

PowerGrid Infrastructure InvIT

InvIT

Power Transmission · Pan-India (PGCIL-sponsored)

8.5%

Gross yield

NSE ticker

PGCIL

Price/unit

₹102

Distribution/unit/yr

₹8.67

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• Sponsored by Power Grid Corporation of India (Navratna PSU)

• 5 inter-state transmission projects; government-backed

• Lowest risk profile among InvITs (PSU pedigree)

Distribution split (typical)

Interest 80% — TDS 30%Dividend 7% — TDS 20%Return of Capital 13% — No tax

National Highways InvIT (NHAI)

InvIT

National Highways · National highways across 8 states

8.5%

Gross yield

NSE ticker

NHAI-INVIT

Price/unit

₹98

Distribution/unit/yr

₹8.33

NRIs eligible US/Canada: FATCA restrictedPIS required · NRE/NRO dematNSE

• Sponsored by National Highways Authority of India (sovereign entity)

• Hybrid annuity model (HAM) projects — inflation protection

• 5 operational highway assets; expansion pipeline

Distribution split (typical)

Interest 78% — TDS 30%Dividend 9% — TDS 20%Return of Capital 13% — No tax

Prices, yields, and distribution splits are approximate as of 2025. Actual figures change quarterly — verify on NSE/BSE before investing. This is not investment advice.

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