Brookfield India REIT Appoints Shashank Jain as New CEO, Alok Aggarwal to Retire

Brookfield India Real Estate Trust (BIRET) has announced the appointment of Shashank Jain as the new chief executive officer (CEO) and managing director (MD), effective July 1, 2026. This appointment marks a significant transition as the current CEO and MD, Alok Aggarwal, will retire after leading the real estate investment trust (REIT) since its inception in 2021.

Jain will join from PwC India, where he currently co-leads the deals practice. He brings with him over 25 years of experience in leadership roles across real estate, private equity, and mergers and acquisitions advisory. His extensive background is expected to drive BIRET’s growth and value creation in the coming years.

Ankur Gupta, head of APAC and Middle-East real estate at Brookfield Asset Management and chairperson of the Board of the Manager of BIRET, commented on the transition, “Alok has been instrumental in building a strong team and a world-class platform in India, which is well-positioned for future growth. We are thrilled to have Shashank take the helm. His proven track record of creating value and his previous role as an advisor to Brookfield’s real estate business in India make him the ideal choice to lead the business forward.”

Alok Aggarwal, the outgoing CEO and MD of BIRET, expressed his gratitude and confidence in the team and the portfolio he has helped build. “Over the years, I have had the privilege of working with a stellar team at Brookfield India Real Estate Trust. Together, we have built a robust and diversified portfolio that is well-prepared for the next phase of growth,” he stated.

Brookfield India REIT stands out as India’s only 100 per cent institutionally managed pan-Indian office REIT. It manages 11 Grade A assets across key gateway markets, including Delhi, Mumbai, Bengaluru, Gurugram, Noida, and Kolkata. The REIT’s portfolio comprises 37 million square feet (msf) of total leasable area, including 32.4 msf of operating area, 0.6 msf under construction, and 4.0 msf of future development potential.

Shashank Jain, the incoming CEO, expressed his enthusiasm for the new role. “BIRET has consistently demonstrated high standards of corporate governance and a focus on value creation for all stakeholders. I am excited to lead this strong and differentiated real estate platform in India, backed by global expertise. We are committed to continuing the legacy of excellence and driving sustainable growth for our investors and stakeholders.”

Brookfield Asset Management, the parent company of BIRET, is a leading global alternative asset manager with over $600 billion in assets under management. The company is known for its expertise in real estate, infrastructure, renewable energy, and private equity, making it a trusted partner for institutional and individual investors worldwide.

This transition is poised to bring new momentum and strategic direction to BIRET, ensuring its continued success and growth in the dynamic Indian real estate market.