The second half of 2025 was marked by innovation in REIT structures and significant debt financing for housing, while office and retail markets recorded improved occupancy rates and expansions, and industrial and alternative assets such as data centres and SEZs remained resilient. The 2026 outlook is defined by cautious confidence amid a prevailing challenging economic environment and uncertainty ahead of the 2027 general elections. As a result, investment activity in 2026 is likely to be measured, with many investors adopting a wait-and-see approach, limiting expansion to priority opportunities.

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