Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024 -...

Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024 - The amendment revises the definition of REITs, highlighting that a REIT pools funds of fifty crores or more from at least two hundred investors for the purpose of managing real estate assets, without giving investors day-to-day control. It explicitly differentiates REITs from companies that offer securities based on real estate assets. Additionally, it introduces SM REITs, designed to pool money under one or more schemes, specifically applying relaxed regulations compared to traditional REITs. .....

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