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CASE STUDYIndian REITs Association (IRA): A Collaborative Effort in Advancing India’s REIT Market
The global real estate market has expanded notably via Real Estate Investment Trusts (REITs), with over 1,000 REITs across 40+ countries and a $2 trillion market cap, representing 60% of global real estate value. The first REIT was launched in the US in 1960. In contrast, India’s REIT market is at a nascent stage, having introduced its first REIT only in 2019. With just four listed REITs to date, the Indian REIT sector represents a modest $12 billion in market capitalization, which is a mere 0.3% of the nation’s total stock market capitalization. Despite being at the nascent stage, the Indian REIT market holds substantial growth potential as institutional investments increase and more real estate portfolios are structured into REITs.
FOUNDING MEMBERS OF IRA; BROOKFIELD INDIA REAL ESTATE TRUST IS ONE OF THEM
Brookfield India Real Estate Trust is one of the four founding members of Indian REITs Association (IRA), alongside Embassy REIT, Mindspace Business Parks REIT, and Nexus Select Trust. This alliance signifies our commitment to fostering a robust and transparent REIT ecosystem in India. The IRA is dedicated to nurturing the Indian REIT market by upholding the highest standards of professionalism and governance. Its mission is to safeguard and advance the interests of REITs and their unitholders.
We intend to be active participants in the IRA initiatives which not only contributes to the growth of the Indian REIT market but also sets a benchmark for best practices within the industry. It also reflects how collaborative efforts can lead to a more sustainable and responsible real estate sector.
