The Indian REITs Association (IRA) and the Bharat InvITs Association (BIA) announced the inauguration of their new joint office premises (in New Cuffe Parade). Pramod Rao, Executive Director of the Securities and Exchange Board of India (SEBI), officially inaugurated the new office.
The new office is intended to serve as a collaborative hub to promote the growth, transparency, and operational efficiency of REITs and InvITs in India. Key stakeholders from SEBI, Real Estate Investment Trusts (REITs), and Infrastructure Investment Trusts (InvITs) sectors attended the inauguration ceremony.
Pramod Rao, Executive Director, SEBI, said, “The setting up of a dedicated joint office for IRA and BIA is a timely and welcome development. As REITs and InvITs continue to evolve as key investment instruments for investors in India, the presence of strong industry associations in the form of IRA & BIA will play a pivotal role in driving investor awareness, building investor confidence, adopting & evolving industry standards and facilitating meaningful dialogue between stakeholders and regulators.”
Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and Chairman of the Indian REITs Association, added, “The opening to our new office is a significant step in strengthening the institutional framework for REITs in India. It reflects our commitment to driving industry dialogue, enhancing transparency, and shaping a progressive regulatory environment. As a joint space with the InvITs Association, we envision it as a hub for collaboration and strategic engagement, helping unlock the full potential of India’s REIT market.”
NS Venkatesh, CEO of Bharat InvITs Association, added, “As we open the doors to our new office, we reaffirm our vision to build a future where transparency, investor empowerment, and world-class infrastructure go hand in hand. InvITs are a cornerstone of this transformation, unlocking long-term capital and delivering sustainable value to stakeholders. The Bharat InvITs Association stands ready to shape a resilient, forward-looking ecosystem for powering India’s infrastructure growth.”
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