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The Indian REITs Association (IRA) has appointed Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust as the new Chairman of IRA.
Established in 2023 under the guidance of the SEBI, the Indian REITs Association is a non-profit trade organization that supports the growth and development of India’s Real Estate Investment Trusts (REITs).
Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT and Nexus Select Trust.
In a press release, the Indian REITs Association said “Aggarwal’s extensive experience in the real estate sector, especially REITs and proven leadership will help IRA immensely. Under his guidance, we aim to work closely with SEBI to support industry growth, protect investor interests, and uphold high regulatory standards. The association remains committed to fostering best practices in India’s REIT sector.”
Aggarwal said, “It is an honour to take on the role of Chairman at a time when REITs have established a strong foothold in the Indian capital market and are poised for significant growth. I look forward to collaborating with industry leaders and stakeholders to drive innovation, improve transparency, and create value for investors. Together, we can contribute to the sustainable growth and long-term resilience of REITs in India.”
Aggarwal is an alumnus of IIT Delhi, where he earned his engineering degree and ISB Hyderabad, where he completed his MBA. His academic background has contributed to a successful career spanning over three decades in the real estate industry.