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In a move of considerable significance, the Indian REITs Association (IRA) has formally joined the Global REIT Alliance, a newly formed international coalition dedicated to enhancing the profile and effectiveness of Real Estate Investment Trusts (REITs) across the world.
The Alliance, comprising representatives from 24 countries and regions, was officially launched at the 2025 ReThink Conference hosted by the European Public Real Estate Association (EPRA) in Stockholm, Sweden.
The Indian REITs Association’s participation marks a noteworthy step in India’s continued integration into global financial markets and underscores the growing maturity and promise of its domestic REIT sector.
Real Estate Investment Trusts, commonly known as REITs, are vehicles that allow investors to own shares in income-generating real estate, offering both liquidity and accessibility in a sector traditionally associated with high capital thresholds. India introduced its first REIT in 2019, and the market has grown rapidly since, drawing both domestic and international investors.
The Global REIT Alliance has laid out six principal objectives to guide its efforts. These include raising global awareness about REITs, building a network for industry knowledge exchange, influencing public policy in favour of effective REIT frameworks, guiding the development of voluntary standards, promoting sustainable investment practices, and fostering an informed marketplace through robust data and research.
Ms Preeti Chheda, Executive Committee Member of the Indian REITs Association and Chief Financial Officer of Mindspace Business Parks REIT, represented India at the launch event in Stockholm. Speaking on the occasion, Ms Chheda stated, “Becoming a part of the Global REIT Alliance marks a significant milestone for the Indian REIT market. This alliance provides a vital platform to collaborate with the global REIT community, exchange market perspectives, and collectively drive the growth of REITs globally.”
She further emphasized India’s commitment to contributing meaningfully to the alliance’s goals, particularly in shaping investment opportunities and aligning industry practices with international standards.
Peter Verwer, spokesperson for the Global REIT Alliance, welcomed the IRA's inclusion. “We are delighted to welcome the Indian REITs Association to the Global REIT Alliance. India’s REIT market has already demonstrated remarkable growth in a relatively short span of time, and its inclusion will bring valuable insights and perspectives to the Alliance,” he said.
Mr Verwer added that the shared vision of the alliance is to broaden investor participation, improve transparency, and strengthen trust in REITs as a credible global asset class.
India’s involvement in such an international coalition reflects its ambition to not only expand its own real estate investment sector but also contribute to global conversations on best practices, regulation, and sustainability. It also signals confidence in the REIT model as a key instrument for long-term economic development and investor participation in infrastructure and commercial real estate.
As global capital flows increasingly seek stability and transparency, India’s entry into the Global REIT Alliance may prove timely and beneficial — both for the country and for the broader REIT community.
