Indian REITs Association Joins Global REIT Alliance for International Growth

New Delhi, Sep 29 (PTI) The Indian REITs Association (IRA) has officially joined the Global REIT Alliance, marking a significant milestone in the promotion and development of Real Estate Investment Trusts (REITs). This international coalition was launched recently at the European Public Real Estate Association's (EPRA) 2025 ReThink conference in Stockholm, Sweden.

The Global REIT Alliance brings together 24 countries and regions, creating a unified voice for REIT advocacy and a platform for knowledge-sharing and standard-setting. This alliance is expected to play a crucial role in shaping the future of the REIT industry on a global scale.

Preeti Chheda, Executive Committee Member of the IRA and CFO of Mindspace Business Parks REIT, expressed her enthusiasm about the collaboration. “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 said.

India currently has five listed REITs, including Knowledge Realty Trust, Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. These REITs have been instrumental in transforming the real estate landscape in India, offering investors a stable and profitable avenue for investment.

The Global REIT Alliance aims to enhance the visibility and credibility of REITs by setting industry standards and promoting best practices. This will benefit investors, developers, and policymakers by providing a more transparent and reliable investment environment.

By joining this global alliance, the Indian REITs Association will have the opportunity to learn from and contribute to the global REIT community. This collaboration is expected to bring new insights and strategies that can be tailored to the Indian market, further boosting the growth and development of REITs in the country.

The Indian real estate market has been growing steadily, and the introduction of REITs has added a new dimension to this growth. REITs offer a unique investment opportunity, allowing individuals and institutions to invest in real estate without the need for direct ownership. This has made real estate investments more accessible and liquid, attracting a broader range of investors.

The Global REIT Alliance will also focus on addressing key challenges facing the REIT industry, such as regulatory frameworks, tax policies, and market liquidity. By working together, member countries can develop solutions that benefit the entire global REIT ecosystem.

In conclusion, the Indian REITs Association's joining of the Global REIT Alliance is a significant step forward in the development of the REIT sector in India. It will not only enhance the growth and stability of REITs in the country but also contribute to the global advancement of the industry.