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Brookfield India Real Estate Trust has appointed Shashank Jain as Chief Executive Officer and Managing Director of its manager, Brookprop Management Services Pvt Ltd, with effect from July 1. The decision was approved by the board in the past week, while current CEO Alok Aggarwal will continue in the role until June 30. Jain joins from PwC India, where he served as Co-Head of the deals practice and led transaction services. With over two decades of experience in real estate transactions across asset classes, his appointment comes at a time when Brookfield India REIT manages a portfolio of 11 Grade A assets across major cities, with a total leasable area of 37 million sq ft, including operational, under-construction, and future development space.
Brookfield India Real Estate Trust has appointed Shashank Jain as Chief Executive Officer and Managing Director of its manager entity, Brookprop Management Services Pvt Ltd, with effect from July 1, following board approval granted in the past week. The transition will see Alok Aggarwal continue in the role until June 30, ensuring continuity in leadership during the interim period. Advertisement
The appointment was formalised through a regulatory filing, in which the board of Brookprop Management Services Pvt Ltd approved Jain's induction as CEO and as an additional director under the category of Managing Director. The move marks a leadership change at the manager level of the REIT, which is responsible for overseeing operations, asset management, and strategic direction of the trust's portfolio.
Jain joins the organisation from PwC India, where he served as Co-Head of the deals practice and had previously led the transaction services vertical. His professional background spans more than two decades in the real estate sector, during which he has been involved in a range of transactions across multiple asset classes, including office, retail, and mixed-use developments.
His experience includes advisory roles on large-scale acquisitions, disposals, and capital structuring exercises, positioning him within the broader institutional real estate investment ecosystem. He is a member of the Institute of Chartered Accountants of India and also holds a Diploma in Business Finance from the Institute of Chartered Financial Analysts of India.
Brookfield India REIT's portfolio currently comprises 11 Grade A office assets located across key markets including Delhi, Mumbai, Bengaluru, Gurugram, Noida, and Kolkata. The total leasable area stands at approximately 37 million sq ft, of which 32.4 million sq ft is operational. In addition, around 0.6 million sq ft is under construction, while 4 million sq ft is earmarked for future development potential.
The platform focuses on income-generating commercial office assets, with a tenant base consisting of multinational and domestic occupiers across sectors such as technology, financial services, and consulting. The REIT structure enables institutional and retail investors to participate in rental-yielding office assets through listed units, with asset management handled by the manager entity.
The leadership transition comes as REIT platforms in India continue to expand their portfolios and capital deployment strategies, requiring alignment between operational management and investment objectives. The incoming leadership is expected to oversee ongoing portfolio management and future acquisitions within the existing regulatory framework governing listed real estate investment trusts.
Source - PTI
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