Unlocking Opportunities: Pramod Rao of SEBI Launches Indian REITs and Bharat InvITs Office

The Indian REITs Association (IRA) and the Bharat InvITs Association (BIA) have kicked off a new chapter with their joint office in New Cuffe Parade, officially opened by Pramod Rao from the Securities and Exchange Board of India (SEBI). This new office aims to be a hub for collaboration, enhancing the growth and efficiency of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in India.

At the inauguration, Rao emphasized the importance of this space. He noted that as REITs and InvITs gain popularity among investors, strong industry associations like IRA and BIA are vital. They will help build investor trust and improve regulatory dialogues. This alignment is critical as financial structures evolve globally.

Alok Aggarwal, from Brookfield India Real Estate Trust and chairman of IRA, echoed this sentiment. He highlighted that the opening of the office is not just a milestone for the IRA but for the entire sector. It represents a commitment to transparency and proactive engagement, which are essential for advancing India’s REIT landscape.

NS Venkatesh, CEO of BIA, spoke about the transformative potential of InvITs. He sees the new office as part of a broader vision for a future where transparency and investor empowerment are paramount. As InvITs help unlock long-term capital, they play a crucial role in building sustainable infrastructure in India.

Investor interest in REITs and InvITs is on the rise. Recent studies show that 42% of Indian investors are now considering these investment options. This trend reflects a growing confidence in these instruments, fueled by the clarity that these new initiatives promise.

The collaboration between IRA and BIA is set to shape a more resilient investment landscape, pushing India closer to becoming a global leader in infrastructure and real estate investment. Through initiatives like this, the associations hope to further engage with the community and stakeholders to drive the market forward. For more information on the evolution of REITs and their impact, you can check out this report from SEBI.

This new joint office symbolizes a crucial step towards fostering a strong infrastructure for future real estate and investment opportunities in India.

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Pramod Rao, Executive Director, SEBI, Inaugurates Indian REITs, Bharat InvITs Office