By B Swaminathan
Mumbai: The Indian REITs Association (IRA) has named Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust, as its new Chairman.
Founded in 2023 under the aegis of the Securities and Exchange Board of India (SEBI), the IRA is a non-profit trade organization dedicated to advancing India’s Real Estate Investment Trust (REIT) sector. Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
In a statement, the Indian REITs Association expressed confidence in Mr. Aggarwal’s leadership. “Mr. Aggarwal’s extensive experience in the real estate sector, especially REITs, and proven leadership will help IRA immensely. Under his guidance, we aim to work closely with SEBI to support industry growth, protect investor interests, and uphold high regulatory standards. The association remains committed to fostering best practices in India’s REIT sector.”
Reacting to his appointment, Mr. Aggarwal said, “It is an honour to take on the role of Chairman at a time when REITs have established a strong foothold in the Indian capital market and are poised for significant growth. I look forward to collaborating with industry leaders and stakeholders to drive innovation, improve transparency, and create value for investors. Together, we can contribute to the sustainable growth and long-term resilience of REITs in India.”
An alumnus of IIT Delhi and ISB Hyderabad, Mr. Aggarwal brings a robust academic foundation to his role. With over three decades of experience in the real estate sector, he has held leadership positions at organizations such as Sun Apollo Capital Partners, Milestone Capital Advisors Limited, DLF Universal Limited, and Mahindra Gesco Developers Limited.
Reacting to his appointment, Mr. Aggarwal said, “It is an honour to take on the role of Chairman at a time when REITs have established a strong foothold in the Indian capital market and are poised for significant growth. I look forward to collaborating with industry leaders and stakeholders to drive innovation, improve transparency, and create value for investors. Together, we can contribute to the sustainable growth and long-term resilience of REITs in India.”
An alumnus of IIT Delhi and ISB Hyderabad, Mr. Aggarwal brings a robust academic foundation to his role. With over three decades of experience in the real estate sector, he has held leadership positions at organizations such as Sun Apollo Capital Partners, Milestone Capital Advisors Limited, DLF Universal Limited, and Mahindra Gesco Developers Limited.
Currently leading Brookfield India Real Estate Trust, India’s first 100% institutionally managed office REIT, Mr. Aggarwal has been instrumental in driving operational excellence, fostering innovation, enhancing tenant relationships, and integrating ESG practices into the portfolio.
Beyond his professional achievements, Mr. Aggarwal is committed to social causes, with a particular focus on education and women’s empowerment.
The IRA looks forward to benefiting from his vision and leadership as it strives to strengthen India’s REIT ecosystem.
