A joint report by FICCI and Crisil Intelligence has projected that road Infrastructure Investment Trusts (InvITs) in India are poised to more than double their assets under management (AUM) to ₹5.45 lakh crore by 2030, up from ₹2.46 lakh crore in 2025.
The report highlights that road InvITs have emerged as a key vehicle for highway asset monetisation, driven by strong policy support and increasing investor interest. Over recent years, the segment has witnessed rapid growth, becoming the fastest-growing category within the InvIT ecosystem.
This growth is closely aligned with the government’s ambitious National Monetisation Pipeline (NMP) 2.0, which targets ₹16.7 lakh crore in asset monetisation across sectors by 2030. Highways remain the largest contributor, with an allocation of ₹4.14 lakh crore, out of which ₹3.35 lakh crore is expected to be monetised through InvIT and Toll-Operate-Transfer (TOT) models, covering nearly 19,200 km of road assets.
The report also underscores the financial impact of monetisation, noting that it has enabled the National Highways Authority of India (NHAI) to facilitate around ₹72,000 crore in debt repayment between FY23 and FY25, backed by significant asset recycling.
Despite the strong momentum, a major opportunity remains untapped. Currently, only about 4.8% of India’s total highway network has been monetised through InvIT structures, indicating significant headroom for future growth and capital mobilisation.
The report further points out that road InvITs offer a unique investment proposition, combining AAA-rated stability with returns in the range of 10–15%, making them attractive for both institutional and potential retail investors.
Overall, the rapid expansion of road InvITs is expected to play a critical role in financing India’s infrastructure growth, enabling efficient capital recycling while supporting the country’s long-term development ambitions.
