The Indian REITs Association (IRA), a new apex body for Real Estate Investment Trusts (REITs) in India, has been launched with the aim of promoting and expanding the REIT industry in the country. The association is backed by founding members including Brookfield India Real Estate Trust, Embassy REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
REITs are investment vehicles that allow individuals to invest in real estate assets without owning them outright. They offer a way for retail investors to gain exposure to real estate and earn potential returns from rental income and property value appreciation.
The launch of IRA is a significant development for the Indian real estate sector, as it will bring together industry stakeholders to collaborate and address common challenges. The association aims to provide a platform for knowledge sharing, advocacy, and policy support for the REIT industry.
REITs have gained popularity in India in recent years, with the introduction of the REIT regulations by the Securities and Exchange Board of India (SEBI) in 2014. However, the industry is still in its nascent stage and requires further growth and development.
IRA aims to play a crucial role in promoting the growth of the REIT industry by advocating for favorable policies and regulatory reforms. The association will work towards creating awareness about REITs among investors and educate them about the potential benefits and risks associated with these investment vehicles.
Additionally, IRA will focus on conducting research and organizing events to foster collaboration and knowledge sharing within the REIT ecosystem. By bringing together key stakeholders, including REIT sponsors, asset managers, institutional investors, and government authorities, the association aims to create a conducive environment for the growth of the REIT industry in India.
The launch of IRA is expected to encourage more real estate developers and investors to explore the REIT route for fundraising and investment opportunities. It will also provide a unified voice and platform for industry participants to address regulatory challenges and seek policy reforms that can further boost the growth and development of the REIT industry in the country.
Overall, the Indian REITs Association (IRA) is set to play a crucial role in shaping the future of the REIT industry in India, driving increased transparency, investor confidence, and growth in the real estate sector.
