SEBI Master Circular for Real Estate Investment Trusts (REITs)

Last updated: 02 December 2021

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The Securities and Exchange Board of India (SEBI) has released a Master Circular for Real Estate Investment Trusts (REITs). This document consolidates all relevant SEBI circulars concerning REITs that were in effect as of October 31, 2021. Its purpose is to provide a single, accessible resource for the industry and other stakeholders, bringing together all applicable regulations. Circulars offering temporary COVID-19 related relaxations are not included.

Securities and Exchange Board of India

MASTER CIRCULAR

SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/674

November 29, 2021

All Real Estate Investment Trusts (“REITs”)
All Parties to REITs
All Recognised Stock Exchanges
All Merchant Bankers and other Intermediaries

Madam/ Sir,

Sub: Master Circular for Real Estate Investment Trusts (REITs)

1. For effective regulation of Real Estate Investment Trusts, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order enable the industry and other users to have an access to all the applicable circulars at one place, Master Circular for Real Estate Investment Trusts has been prepared.

2. This Master Circular is a compilation of relevant circulars issued by SEBI up to October 31, 2021 which are operational as on date of this circular. Circulars providing temporary relaxations with regards to certain compliance requirements for REITs in the wake of the COVID-19 pandemic have not been included in the master circular.

3. In case of any inconsistency between the master circular and the applicable circulars, the contents of the relevant circular shall prevail.

Yours faithfully,

Deena Venu Sarangadharan
Deputy General Manager
Department of Debt and Hybrid
Securities Tel no.: 022-26449266
Email: deenar@sebi.gov.in

Please refer to the attached file for full circular

FAQ :

The Master Circular aims to provide a single, accessible location for all applicable SEBI circulars related to Real Estate Investment Trusts (REITs), making it easier for the industry and users to find current regulations.

The Master Circular compiles circulars issued by SEBI up to October 31, 2021, that were still operational on the date of the Master Circular's release (November 29, 2021).

No, circulars that provided temporary relaxations for certain REIT compliance requirements due to the COVID-19 pandemic have not been included in this Master Circular.

In case of any inconsistency, the contents of the relevant, specific circular shall take precedence over the Master Circular.