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In a move that highlights India’s growing presence in global financial markets, the Indian REITs Association (IRA) has officially joined the Global REIT Alliance. This step marks a major milestone for India’s real estate investment trust (REIT) market, positioning the country alongside leading international players and strengthening its global outlook. The development not only reflects the rapid evolution of India’s REIT sector but also emphasizes its increasing importance in attracting investors, ensuring transparency, and setting global standards.
Global REIT Alliance Launch
The Global REIT Alliance was formally launched at the European Public Real Estate Association (EPRA)’s 2025 ReThink conference in Stockholm, Sweden. Bringing together 24 countries and regions under a unified platform, the Alliance serves as a global voice for the REIT industry. Its core objectives include promoting advocacy, encouraging knowledge exchange, and driving the adoption of common standards to enhance investor confidence worldwide.
By aligning global stakeholders, the Alliance aims to build a more transparent and efficient framework for REITs across markets, making real estate investment a stronger and more trusted asset class.
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India’s Entry into the Alliance
The entry of the Indian REITs Association into the Global REIT Alliance underscores India’s growing relevance on the global stage. In less than a decade, India’s REIT market has expanded rapidly, supported by regulatory reforms and increasing investor interest in commercial real estate.
Becoming part of the Alliance allows India to share its unique growth story while learning from mature REIT markets. It also creates opportunities for cross-border collaboration, paving the way for stronger investment inflows, better governance practices, and broader participation by global investors in India’s property sector.
Statements from Key Leaders
Industry leaders have welcomed this development with optimism.
Preeti Chheda, Executive Committee Member of the Indian REITs Association and CFO of Mindspace Business Parks REIT, highlighted the collaborative potential of this membership. She noted that the Alliance offers a vital platform for engaging with the global REIT community, exchanging market insights, and driving the growth of REITs on a worldwide scale.
Echoing this sentiment, Peter Verwer, spokesperson of the Global REIT Alliance, expressed enthusiasm over India’s participation. He emphasized that India’s REIT market has already demonstrated significant growth in a short span of time. According to him, the inclusion of the Indian REITs Association brings fresh perspectives and strengthens the collective mission of promoting REITs as a trusted, transparent, and accessible asset class across borders.
About the Indian REITs Association
Established in 2023 under the guidance of the Securities and Exchange Board of India (SEBI), the Indian REITs Association is a non-profit trade body committed to advancing the REIT sector in the country. Its mission is to promote best practices, foster investor confidence, and advocate for a regulatory environment conducive to the sustainable growth of REITs.
The Association was founded by some of the most prominent players in India’s real estate sector, including Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. Together, these founding members represent the backbone of India’s REIT market, which has been instrumental in opening up commercial real estate to retail investors while ensuring higher transparency and governance standards.
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Significance for India’s REIT Market
The membership of the Indian REITs Association in the Global REIT Alliance carries far-reaching implications for India’s real estate sector. Firstly, it offers a global platform for knowledge-sharing and learning from established REIT markets in North America, Europe, and Asia. Secondly, it enhances India’s visibility among international investors, encouraging greater capital inflows into the sector.
REITs have already transformed the Indian property market by allowing retail and institutional investors to participate in Grade-A commercial assets, shopping malls, and office parks. With international collaboration, the sector is expected to attract more participation, improve operational standards, and accelerate the introduction of innovative financial structures.
Moreover, this step reinforces India’s image as a transparent and investment-friendly destination, further boosting confidence in its real estate ecosystem.
Conclusion
The decision of the Indian REITs Association to join the Global REIT Alliance is a strategic move that reflects both ambition and maturity. By aligning with a global network of REIT organizations, India has taken another step toward establishing itself as a key player in the international real estate investment trust market.
This collaboration is likely to open new avenues for growth, foster global partnerships, and ensure that India’s REIT sector continues to evolve in line with international best practices. For investors, developers, and policymakers alike, the move signals a promising future where India’s REIT market will play an increasingly important role in shaping the global real estate investment landscape.
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Ans 1. The Indian REITs Association is a non-profit trade body established in 2023 under the guidance of SEBI. Its mission is to promote best practices in the REIT sector, foster investor confidence, and advocate for a regulatory environment that supports the sustainable growth of REITs in India. Founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
Ans 2. The Global REIT Alliance is an international platform launched at the EPRA 2025 ReThink conference in Stockholm, Sweden. It brings together REIT organizations from 24 countries to promote advocacy, knowledge exchange, and adoption of common standards, aiming to make REITs a trusted and transparent asset class globally.
Ans 3. Joining the Alliance positions India alongside leading global REIT markets, allowing the country to share its growth story, learn from mature markets, and foster cross-border collaboration. The move is intended to strengthen investor confidence, improve governance standards, and attract international capital inflows into India’s real estate sector.
Ans 4. The collaboration provides Indian REITs access to international best practices, enhances visibility among global investors, and encourages structured growth. It also helps introduce innovative financial structures, improve operational efficiency, and further open commercial real estate to retail and institutional investors.
Ans 5. Global investors gain a reliable platform to engage with India’s rapidly growing REIT sector. Membership in the Alliance ensures better transparency, access to standardized reporting, and opportunities for cross-border investment in India’s commercial real estate market.
Ans 6. In less than a decade, India’s REIT market has expanded significantly, fueled by regulatory reforms, increased investor participation, and growth in Grade-A commercial assets, shopping malls, and office parks. Retail and institutional investors now have greater access to high-quality commercial properties.
Ans 7. Preeti Chheda, Executive Committee Member of IRA and CFO of Mindspace Business Parks REIT, highlighted the collaborative potential of this membership. Peter Verwer, spokesperson of the Global REIT Alliance, also emphasized India’s growing relevance and the value of fresh perspectives in the Alliance.
Ans 8. The partnership encourages adherence to international best practices, standardization of reporting, and improved operational transparency. This fosters investor trust and strengthens India’s reputation as a transparent, investment-friendly real estate market.
Ans 9. Yes, the collaboration is expected to increase international participation in India’s REIT market, encouraging global investors to explore opportunities in Grade-A commercial properties, office parks, and retail assets.
Ans 10. By aligning with a global network of REIT organizations, India strengthens its position as a key player in international real estate investment. This partnership opens avenues for growth, innovation, and cross-border collaboration, signaling a promising future for the country’s commercial real estate ecosystem.