Indian REITs Association Joins Global REIT Alliance to Enhance International Collaboration
The Indian REITs Association (IRA) has joined the Global REIT Alliance, a significant step towards strengthening the REIT ecosystem and promoting cross-border cooperation. This move aims to boost the Indian REIT market's global integration and enhance policy dialogue.
ReitsGlobal Reit AllianceIndian Reits AssociationReal EstateInternational CollaborationReal EstateSep 30, 2025
The Global REIT Alliance currently includes members from 24 countries and regions. Its primary objective is to provide a coordinated platform for policy dialogue, market standards, and data-sharing to support the growth of REITs as a vital investment asset class. By joining this alliance, the IRA aims to enhance the Indian REIT market’s global integration and promote best practices in the sector.
According to the alliance, the six key areas of focus include promoting global awareness of securitised real estate, creating a network for industry coordination, informing public policy frameworks, aiding standards and benchmarks, supporting sustainable investment practices, and improving access to market data. These initiatives are crucial for the development and maturation of the REIT market in India and globally.
Preeti Chheda, Executive Committee member of the Indian REITs Association and CFO of Mindspace Business Parks REIT, attended the launch and expressed her enthusiasm about the development. She stated, “This is a significant step for the Indian REIT market. It will enable greater exchange with international peers and enhance our global integration, ultimately benefiting investors and the overall real estate sector.”
Peter Verwer, spokesperson for the Global REIT Alliance, welcomed India’s participation, highlighting the unique perspective it brings. He noted, “India’s participation will add valuable insights from a growing market that has expanded rapidly in a relatively short time. The Indian REIT market has shown remarkable potential, and we are excited to see how it will contribute to the global alliance.”
The Indian REITs Association was established in 2023 as a non-profit body under the guidance of the Securities and Exchange Board of India (SEBI). Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. The IRA’s mission is to promote the growth and development of the REIT market in India, ensuring that it aligns with international standards and best practices.
By joining the Global REIT Alliance, the IRA is taking a proactive step towards enhancing the Indian REIT market’s visibility and credibility on the global stage. This move is expected to attract more international investors and promote sustainable growth in the sector. The alliance will also facilitate knowledge sharing and collaboration, helping to address common challenges and opportunities in the REIT market.
In conclusion, the Indian REITs Association’s membership in the Global REIT Alliance marks a significant milestone in the international collaboration of the REIT sector. It is poised to bring substantial benefits to the Indian market, including enhanced policy dialogue, improved market standards, and greater access to global data and best practices. This move is a testament to the growing importance and potential of the Indian REIT market on the global stage.
Frequently Asked Questions
What is the Global REIT Alliance?
The Global REIT Alliance is a coalition of organizations representing the global Real Estate Investment Trust (REIT) sector. It aims to provide a coordinated platform for policy dialogue, market standards, and data-sharing to support the growth of REITs as an investment asset class.
Why did the Indian REITs Association join the Global REIT Alliance?
The Indian REITs Association joined the Global REIT Alliance to enhance the Indian REIT market’s global integration, promote cross-border cooperation, and benefit from international best practices and policy dialogue.
What are the key focus areas of the Global REIT Alliance?
The six key focus areas of the Global REIT Alliance include promoting global awareness of securitised real estate, creating a network for industry coordination, informing public policy frameworks, aiding standards and benchmarks, supporting sustainable investment practices, and improving access to market data.
Who are the founding members of the Indian REITs Association?
The founding members of the Indian REITs Association include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
What are the expected benefits of the Indian REITs Association joining the Global REIT Alliance?
The expected benefits include enhanced policy dialogue, improved market standards, greater access to global data and best practices, and increased visibility and credibility of the Indian REIT market on the global stage.
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