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Public Policy

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We focus on advocacy with a commitment to transparency, integrity, and accountability. Our policy stance and activities are publicly disclosed, reflecting our dedication to environmental sustainability, social progress, and economic growth. We actively participate in policy development through consultations and collaborations with government and industry bodies, ensuring our ESG goals are integrated into our policy engagement strategies.

Employees are prohibited from offering or making contributions to political parties that might influence, or be perceived as influencing a business decision. For the fiscal year 2024, there were no direct or indirect contributions to any political party.

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Brookfield India REIT is a founding member of The Indian REITs Association (IRA), a non-profit trade organization formed under the guidance of the Securities and Exchange Board of India (SEBI) and the Ministry of Finance. The IRA is committed to advancing the growth and development of the Real Estate Investment Trust (REIT) sector in India. Additionally, we have a strong industry partnership with NASSCOM majorly for serving the emerging Global Capability Centers (GCCs) market in India.

In line with our digitalization initiatives, we are supporting GCCs in India through flexible workspace infrastructure provision and talent engagement initiatives extended for our occupiers’ employees as well. We are also a member of the Urban Land Institute (ULI) which is the oldest and largest network of cross-disciplinary real estate and land use experts in the world to promote positive environmental and social impact of built spaces worldwide. We engage in meaningful partnerships to collaborate with stakeholders at large for a greater impact.

Objectives of IRA

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ENHANCE AND DEVELOP REIT MARKET IN INDIA

To foster the expansion of India’s REIT sector, there is a concerted effort to enrich the capital markets, encompassing both equity and debt instruments, thereby creating a conducive atmosphere for REIT growth, enhancing the operational landscape is crucial to draw investments and ensure the competitiveness of the Indian REIT market. Moreover, there is an active initiative to refine the policy and regulatory framework for REITs in India through proactive engagement with regulators, policymakers, and relevant entities.

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MARKET GROWTH THROUGH GOVERNANCE AND BEST PRACTICES

To elevate India’s standing in the global capital markets, it’s essential to establish standards that incorporate International best practices. Advising and advocating for exemplary business conduct and governance is also a priority. Enhancing transparency is a key objective, along with fostering the distribution of information, data, research, and expertise to boost governance and professional benchmarks.

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INCREASE STAKEHOLDER AWARENESS AND ENGAGEMENT

Efforts to implement educational initiatives aimed at deepening stakeholders’ comprehension of REITs.There is a push to foster a culture of knowledge exchange and to enhance awareness about REITs through comprehensive research, studies, and informative whitepapers. Additionally, the introduction of specialized programs, courses, and workshops is intended to augment the REIT acumen of members and other interested parties.

CASE STUDY

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Indian REITs Association (IRA): A Collaborative Effort in Advancing India’s REIT Market