SEBI Updates REITs Regulations, Introduces Provisions for Small and Medium REITs with New Investment Manager Model.

Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2024 - Certain chapters and regulations of the original REIT regulations are not applicable to SM REITs, with specific provisions adjusted for these smaller entities. This includes adaptations in the roles of managers and sponsors towards an "investment manager" model for SM REITs. - The amendment outlines detailed eligibility criteria, registration processes, and operational frameworks for SM REITs, including requirements for the investment manager's net worth, experience, and the structural setup of SM REITs. - It sets out specific conditions for investments and fundraising activities of SM REITs, including limitations on borrowing and requirements for leveraging. .....

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