Indian REITs Association Joins Global REIT Alliance to Boost Sector Growth
The Indian REITs Association (IRA) has joined the Global REIT Alliance, an international coalition dedicated to advancing the Real Estate Investment Trust (REIT) sector worldwide, it said in a statement on September 29.
The Alliance was officially launched recently at the European Public Real Estate Association (EPRA)’s 2025 ReThink conference in Stockholm, Sweden. This coalition brings together 24 countries and regions, creating a unified voice for REIT advocacy and a platform for knowledge-sharing and standard-setting.
The IRA’s membership marks a significant milestone for India’s rapidly growing REIT market, underscoring its increasing importance on the global stage. Preeti Chheda, Executive Committee Member of the IRA and CFO of Mindspace Business Parks REIT, said, 'This alliance provides a vital platform to collaborate with the global REIT community, exchange market perspectives, and collectively drive the growth of REITs globally.'
Peter Verwer, spokesperson of the Global REIT Alliance, welcomed the Indian REITs Association, stating, '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. Together, we aim to strengthen the global REIT ecosystem, broaden investor participation, and promote REITs as a trusted and transparent asset class worldwide.'
Founded in 2023, the Indian REITs Association is a non-profit trade organization formed under the guidance of the Securities and Exchange Board of India (SEBI). It is committed to advancing the growth and development of the Real Estate Investment Trust (REIT) sector in India. The IRA plays a crucial role in advocating for regulatory frameworks, best practices, and investor education to foster a robust and sustainable REIT market in the country.
The Global REIT Alliance's inclusion of the IRA signifies the growing recognition of India's REIT market and its potential to contribute to the global real estate investment landscape. This collaboration is expected to facilitate the exchange of best practices, regulatory advancements, and innovative investment strategies, ultimately benefiting investors, developers, and the broader real estate industry.
