REITs and InvITs

What this module covers

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are both regulated under their own dedicated 2014 SEBI regulations — the SEBI (Real Estate Investment Trusts) Regulations, 2014 and the SEBI (Infrastructure Investment Trusts) Regulations, 2014 — which share a common three-party governance structure: a sponsor (who sets up the trust and must meet minimum net-worth and sector-experience thresholds), an investment manager (who runs the trust’s assets and investments day to day) and an independent, SEBI-registered trustee (who holds the trust’s assets for unit-holders and is required to be independent of both the sponsor and the manager). On top of this governance layer sit rules for asset valuation (a mandatory independent valuer, revalued at least annually), minimum distributable-income payout to unit-holders, and listing/disclosure obligations once units are publicly traded.

The 8 control pages below turn this framework into operational checkpoints — confirming who is in scope and how the trust is registered (P-01) through to inspection-readiness (P-08) — covering the sponsor/manager/trustee relationship, asset and valuation controls, and distribution/listing compliance as a single connected workflow rather than separate rulebooks.

Control pages

Official sources

• SEBI — REIT Regulations, 2014 (last amended 18 April 2026)
• SEBI — InvIT Regulations, 2014 (last amended 3 September 2025)

Current law status: both regulations are in force as of this review date; the REIT Regulations were last amended 18 April 2026 and the InvIT Regulations 3 September 2025. Verify for further amendments before relying on this page for a live compliance decision.