INDIAN REITs ASSOCIATION (IRA)

Reit Right Hai

ABOUT US

The Indian REITs Association (‘IRA’), is a non-profit trade organisation formed under the guidance of the Securities and Exchange Board of India (SEBI) and Ministry of Finance, committed to advancing the growth and development of the Real Estate Investment Trust (REIT) sector in India.

IRA will closely collaborate with SEBI, the primary REIT regulator, to advocate for both business and investor interests while adhering to regulations.

The IRA aims to be a body of integrity and excellence, and foster industry best practices that are benchmarked to leading global REIT standards. Its members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust, and Bagmane Prime Office REIT.

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Our Purpose

To enhance and develop the REIT market in India by maintaining highest standards of professionalism and governance, and to protect and promote the interests of the REITs and its unitholders.

Our Objectives

Enhance and Develop REIT Market in India:

To deepen the capital markets (both equity and debt) which can facilitate growth of REITs in India
To strengthen the operating environment to attract investments and make the REITs market competitive
To promote and enhance the policy and regulatory environment for Indian REIT market by engaging with the regulators, policy makers and other agencies

Market Growth through Governance and Best Practices

Develop standards that imbibe international best practices to gain prominence in global capital markets
To recommend and promote best business practices and governance standards
Improve transparency
Facilitate and encourage dissemination of information, data, research and knowledge to increase governance and professional standards

Increase Stakeholder awareness and engagement

To undertake investor awareness programs to promote better understanding of REITs amongst all stakeholders.
To encourage knowledge sharing
Facilitate & encourage understanding on REITs through quality research studies, whitepapers, etc.
Introduce programs, courses and workshops for its members and other stakeholders to improve understanding of REITs

Indian REITs

The Indian REIT market continues to evolve since the listing of the first REIT in April 2019

6

Listed REITs in India

214 msf

Across India's Top Commercial & Retail Markets⁽¹⁾

₹2,15,000 Cr+

Market Capitalization

₹34,800 Cr+

Distributed more the Entire Nifty Reality Index Combined

AAA

Credit Ratings

₹3,15,000 Cr+

Gross AUM⁽²⁾

4.8 lakh+

Unitholders

₹49,000 Cr+

Equity Raised since Listing

FTSE, MSCI, S&P

Included in Multiple Global Equity Indices

Source:Market capitalization based on the closing price on NSE as on August 11, 2026. All other data based on the latest available results (Q1 FY2027) and filings on respective REIT websites.

Notes: (1) Total area (under construction, development potential, and completed area) pertains to the 6 listed Indian REITs as of Q1 FY2027
(2) Valuations are as of March 2026 for five listed Indian REITs. For Bagmane REIT, the valuation as of 31 December 2025 has been considered. In the case of Mindspace REIT, the valuation of Commerzone Pallikaranai is as of 31 December 2025, while the valuation of One Radial is as of 15 March 2026