Four India-listed REITs have banded together to form an advocacy group known as the Indian REITs Association (IRA).

The group was formed under the guidance of the Securities and Exchange Board of India (SEBI) and Ministry of Finance, said the IRA in a statement.

It has been formed as a non-profit trade organisation that is committed to advancing the growth and development of the REIT sector in India, it added.

“The newly formed association will closely collaborate with SEBI, the primary REIT regulator, to advocate for both business and investor interests while adhering to regulations”, said the IRA.