"Net asset value” or "NAV" - SEBI Ready Reckoner - SEBI

As per regulation 2(1)(x) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 , unless the context otherwise requires,- Net asset value or NAV means- the value of the REIT assets reduced by the external debt divided by the number of outstanding units as on a particular date;