SEBI made major changes in REIT along the lines of InvIT.


SEBI in its press release dated September 18, 2017 informed that SEBI Board, has approved certain changes in the captioned regulations in order to facilitate growth of Infrastructure Investment Trusts (InvITs) and Real Estate investment Trust (REITs).

Some of the major changes which, inter alia, include the following:

i. Allowing REITs and InvITs to raise debt capital by issuing debt securities
ii. Introducing the concept of Strategic Investor for REITs on similar lines of InvITs
iii. Allowing single asset REIT on similar lines of InvIT
iv. Allowing REITs to lend to underlying Holdco/SPV
v. Amending the definition of valuer for both REITs and InvITs

Copy of SEBI Press Release can be accessed from here.

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