The Indian REITs Association (IRA) has become a member of the Global REIT Alliance, a coalition representing the global Real Estate Investment Trust (REIT) sector. The alliance, launched at the European Public Real Estate Association’s 2025 ReThink conference in Stockholm, aims to promote cross-border cooperation, policy dialogue, and market standardisation for the growth of REITs as an investment asset class.

The Global REIT Alliance, which includes members from 24 countries, focuses on promoting global awareness of securitised real estate, supporting sustainable investment, providing industry benchmarks, improving access to market data, and fostering collaboration among REIT markets.

Preeti Chheda, Executive Committee member of IRA and CFO of Mindspace Business Parks REIT, highlighted that the membership will facilitate knowledge exchange with international peers and enhance the global integration of India’s REIT market. Peter Verwer, spokesperson for the Alliance, said India’s participation brings perspective from a rapidly growing market.

Established in 2023 under the guidance of the Securities and Exchange Board of India, IRA’s founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.

News source: CNBC TV18