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  • Indian real estate investment trust association appoints Alok Aggarwal as chairman

    Indian real estate investment trust association appoints Alok Aggarwal as chairman

    MUMBAI: Real estate investment trusts (Reits) – though in their nascent stage in India — have been getting increasing traction in the urban development ecosystem. The Indian Reits Association (IRA)  – set up in 2023 under the guidance of the Securities Exchange Board of India (Sebi) – has increasingly been making its presence felt on the financial and real estate landscape. 

    Today, the IRA  announced the appointment of Brookfield India Real Estate Trust managing director & CEO Alok Aggarwal as its chairman. The IRA is a non-profit trade organization that supports the growth and development of the India Reits  sector. Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks Reit, Mindspace Business Parks Reit, and Nexus Select Trust.

    “Alok Aggarwal’s extensive experience in the real estate sector, especially Reits, and proven leadership will help IRA immensely,” said the IRA in a press release. “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.”

    Added Alok Aggarwal:  “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.”

    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,  Aggarwal has held leadership roles at prominent organizations such as Sun Apollo Capital Partners, Milestone Capital Advisors, DLF Universal and Mahindra Gesco Developers. 

    At Brookfield India Real Estate Trust, he is a leading member of the team that established India’s first 100 per cent institutionally-managed office Reit. He has been instrumental in driving operational excellence, fostering innovation, enhancing tenant relationships, and integrating ESG practices across the portfolio.

  • Address of Choice awarded Outstanding Performer of the Year 2018

    Address of Choice awarded Outstanding Performer of the Year 2018

    MUMBAI: AOC achieves yet another milestone in the Indian real estate sector. The company has been awarded the most prestigious and coveted 'Outstanding Performer in Residential Sales Portfolio' of the year 2018. The award has been bestowed during the recent Indian Realty Awards (IRA) – a Make in India Conclave and Glittering Award Ceremony which was organized by a leading real estate developing company. The event was organized to identify and appreciate the efforts and contribution of various real estate developers, investors, service providers, and property professionals who have created benchmarks through their projects in the real estate sector round the year. 

    The awards which were hosted at Pullman Pataya Hotel, Thailand, provide real estate professionals a one-stop access to the best residential and commercial development projects, industry expert led conferences, professional engagements, and interactive networking sessions.

    The awards were hosted by a top real estate developing company, which is one of the most eminent and trusted conglomerates in India and abroad. The company is known to provide sustainable and innovative real estate developments to the world. It has always been a forerunner in providing cutting-edge designs, technology, and excellence to the reality sector. The company has constructed various residential, commercial, and township projects across all major cities in India. 

    Showing their gratitude after receiving this prestigious award, Mr. Pawan Kumar, Director, Address of Choice Realty Pvt. Ltd., said, “We are both delighted and honored to receive such a prestigious award. We work together throughout the year to provide high quality, luxurious homes to every homeowner and ensure to delight them with our 5-Star customer service. Such awards help foster our confidence and the trust that our stakeholders and customers have in our brand and products. We look forward to doing more substantial and impactful work in the realty sector to create many more milestones in the years to come.” 

    AOC is a leading online technology platform that provide comprehensive list of recent, under constructions, and ready to move residential and commercial properties across India. Since its formation in the year 2013, the company has been driven by the vision of bringing professionalism and world-class customer service to the real estate industry. It is fueled by technology and complete professionalism and is committed to deliver 100% customer satisfaction in all the projects and services that it delivers. AOC has various other accolades and accomplishments to its name too. These include “Shapoorji Pallonji Bangalore Top Performer” and “Adani Realty Highest Number of Unit Sold in Ahmedabad” awards.