# Specialised realty platforms drive India’s next IPO wave 2026-08-07T01:41:44+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet India’s real estate IPO market is shifting from traditional developers to specialised platforms with recurring revenue and institutional backing. Co-working operators like WeWork India, Awfis, IndiQube and Smartworks have already listed, while The Executive Centre India has filed for an IPO. Student housing firm Elevate Campuses, backed by Hillhouse, has proposed a ₹2,550 crore IPO. Residential developer Assetz has filed for a ₹1,200 crore IPO, and Runwal Realty has filed for ₹2,000 crore. Business Today notes that investors now assess occupancy, cash-flow visibility and return on capital rather than just land banks. The Economic Times reports that this wave includes REITs, logistics parks and education infrastructure. Flexible workspace operators led the post-pandemic listings. Deep Shah of Unistone says IPOs offer financial flexibility for expansion and acquisitions. However, Business Today quotes Kranthi Bathini warning that higher valuations are not sustainable without healthy cash flows. ## Coverage - economictimes.indiatimes.com - businesstoday.in Tags: co-working, IPOs, real estate, REITs, student housing Canonical: https://indianopinion.org/specialised-realty-platforms-prepare-indias-next-ipo-wave/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/specialised-realty-platforms-prepare-indias-next-ipo-wave/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.