Shri Pramod Rao, Executive Director, SEBI, Inaugurates New Office of Indian REITs Association and Bharat InvITs Association
Mumbai,
April 24, 2025: The Indian REITs Association (IRA) and the Bharat InvITs
Association (BIA) have announced today the inauguration of their new joint
office premises (in New Cuffe Parade). The new office was officially
inaugurated by Shri Pramod Rao, Executive Director of the Securities and
Exchange Board of India (SEBI).
The new
office is intended to serve as a collaborative hub to promote the growth,
transparency, and operational efficiency of REITs and InvITs in India. The
inauguration ceremony was attended by key stakeholders from SEBI, Real Estate
Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)
sectors.
Speaking
at the event, Shri Pramod Rao, Executive Director, SEBI, said, “The setting up
of a dedicated joint office for IRA and BIA is a timely and welcome
development. As REITs and InvITs continue to evolve as key investment instruments
for investors in India, the presence of strong industry associations in the
form of IRA & BIA, will play a pivotal role in driving investor awareness,
building investor confidence, adopting & evolving industry standards and
facilitating meaningful dialogue between stakeholders and regulators.”
Mr Alok
Aggarwal, MD & CEO of Brookfield India Real Estate Trust and Chairman of
the Indian REITs Association, added, “The opening to our new
office is a significant step in strengthening the institutional framework for
REITs in India. It reflects our commitment to driving industry dialogue,
enhancing transparency, and shaping a progressive regulatory environment. As a
joint space with the InvITs Association, we envision it as a hub for
collaboration and strategic engagement — helping unlock the full potential of
India’s REIT market.”
Mr. NS
Venkatesh, CEO, Bharat InvITs Association, added “As we open the doors to our
new office, we reaffirm our vision—to build a future where transparency,
investor empowerment, and world-class infrastructure go hand in hand. InvITs
are a cornerstone of this transformation, unlocking long-term capital and
delivering sustainable value to stakeholders. The Bharat InvITs Association
stands ready to shape a resilient, forward-looking ecosystem for powering
India’s infrastructure growth.”
The new
premises will enable IRA and BIA to further expand their efforts in advocacy,
education, and research, with a focus on industry best practices, policy
dialogue, and investor engagement.
