Shri Pramod Rao of SEBI Inaugurates New Office for Indian REITs and Bharat InvITs Associations: A Major Step for India’s Investment Landscape

The Indian REITs Association (IRA) and the Bharat InvITs Association (BIA) have opened a new office in New Cuffe Parade, Mumbai. The inauguration took place on April 25, 2025, and was led by Shri Pramod Rao, Executive Director of the Securities and Exchange Board of India (SEBI).

This new office aims to boost collaboration and growth in the Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) sectors. The space will serve as a hub for industry discussions, enhance transparency, and improve operational efficiency in these growing investment areas.

During the ceremony, Shri Pramod Rao highlighted the importance of having strong industry associations like IRA and BIA. He noted that as REITs and InvITs become increasingly popular investment options, these organizations will help raise investor awareness, build trust, and facilitate communication between regulators and stakeholders.

Alok Aggarwal, the MD & CEO of Brookfield India Real Estate Trust and Chairman of IRA, stated that the new office represents a commitment to fostering dialogue and improving transparency in the industry. He expressed hopes that this space will become a center for strategic collaboration, unlocking the full potential of India’s REIT market.

NS Venkatesh, CEO of BIA, added that the opening affirms their commitment to ensuring transparency and empowering investors. InvITs play a critical role in attracting long-term capital and contributing to sustainable infrastructure growth in India.

The establishment of this joint office aligns with a broader trend in India where the REIT and InvIT markets are gaining traction. According to a recent SEBI report, there has been substantial growth in investment in these sectors, indicating a shift in how individuals approach real estate and infrastructure financing. For instance, as of late 2023, the total assets under management for Indian REITs surpassed ₹1 lakh crore, showcasing their growing importance in alternative investments.

As IRA and BIA set up in their new office, they plan to focus on research, advocacy, and education, aiming to implement best practices and foster meaningful relationships among industry players. This joint effort positions them to significantly impact India’s investment landscape.



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