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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.
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Origen Realty names Preeti Rai as president- sales & strategy
Veteran hire signals push into Gurugram market with growth ambitions
GURUGRAM: Origen Realty has appointed Preeti Rai as president for sales and strategy, as the company gears up to enter the competitive Gurugram property market.
The move brings in a seasoned industry hand with over two decades of experience across residential and commercial real estate. In her new role, she will lead the company’s sales operations and go-to-market strategy, with a focus on building a strong foothold in Gurugram and driving early momentum.
Origen Realty management said the appointment marks a key milestone in its expansion plans. Origen Realty management said the hire will help sharpen execution and strengthen the company’s sales-led growth strategy as it steps into a new market.
Preeti Rai said, “I look forward to being part of Origen Realty at a pivotal stage in its journey and contributing to building a strong presence in the Gurugram market.”
Before joining Origen Realty, she served as senior vice president for sales and marketing at Elan Group. Her career also includes stints at major developers such as DLF Universal Ltd, Today Homes and Infrastructure, Paras Buildtech Pvt Ltd and Ambience Infrastructure Ltd, where she built expertise across channel sales, leasing, and end-to-end deal execution.
Known for her focus on strategy and team leadership, Rai is expected to play a central role in shaping Origen Realty’s market positioning and sales ecosystem in the region.
As Gurugram’s real estate market continues to attract fresh investments and new entrants, Origen Realty’s latest leadership hire signals its intent to compete with a clear, sales-driven playbook.
