Alok Aggarwal Retires, Brookfield India REIT Appoints Shashank Jain as New CEO

New Delhi, March 31: Brookfield India Real Estate Trust (Brookfield India REIT) has announced a leadership transition, with Shashank Jain appointed as the new Chief Executive Officer and Managing Director of the REIT's manager, effective July 1, 2026.

Alok Aggarwal, who has led the REIT since its inception, will step down from his role at the close of business on June 30, 2026.

New CEO's Background

Jain joins from PwC India, where he was co-head of the deals practice. He brings over 25 years of experience across real estate, private equity, and mergers and acquisitions advisory.

Additional Key Personnel

The board has also designated Charu Thapar and Gaurav Bhatia as additional key personnel of the REIT.

Commercial Paper Issuance

Separately, Brookfield India REIT's board approved the issuance of commercial papers of up to ₹1,000 crore with a maturity of up to one year.