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Mumbai, December 18, 2024: The Indian REITs Association (IRA) has announced the appointment of Mr. Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust, as its new Chairman, stated a press release.

Established in 2023 under the guidance of the Securities and Exchange Board of India (SEBI) the Indian REITs Association is a non-profit trade organization that supports the growth and development of 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.

Speaking on the appointment, the Indian REITs Association said “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.”

Commenting on his new role, Mr. Alok 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.”

Mr. Aggarwal is an alumnus of IIT Delhi, where he earned his engineering degree, and ISB Hyderabad, where he completed his MBA. His academic background has contributed to a successful career spanning over three decades in the real estate industry.

In his professional journey, Mr. Aggarwal has held leadership roles at prominent organizations such as Sun Apollo capital partners, Milestone Capital Advisors Limited, DLF Universal Limited and Mahindra Gesco Developers Limited.

At Brookfield India Real Estate Trust, he is a leading member of the team that established India's first 100% institutionally managed office real estate investment trust. He has been instrumental in driving operational excellence, fostering innovation, enhancing tenant relationships, and integrating ESG practices across the portfolio.

Mr. Aggarwal is also deeply committed to social initiatives, with a focus on education and women’s empowerment.