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ARTICLE · 15 DECEMBER 2023

Enhanced Corporate Governance Frameworks Introduced By SEBI For REITs And InvITs

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For various reasons, Real Estate Investment Trust ("REITs") and Infrastructure Investment Trust ("InvITs") have emerged as the favorable class of investments...

IndiaFinance and Banking
Sidharth S. Kumar
Sidharth S. Kumar
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For various reasons, Real Estate Investment Trust ("REITs") and Infrastructure Investment Trust ("InvITs") have emerged as the favorable class of investments for public investors over the past few years. Acknowledging the increasing popularity of REITs and InvITs, the Securities and Exchange Board of India ("SEBI") has been initiating several measures to democratize these investment vehicles and, thereby, enhance the quality of corporate governance within their management structure by amending SEBI (Real Estate Investment Trust) Regulations, 2014 ("REIT Regulations") and the SEBI (Infrastructure Investment Trust) Regulations, 2014 ("InvIT Regulations").

REIT is an investment vehicle which allows investors to enjoy fractional ownership in real estate assets and it is structured in the form of a Trust formed through a Trust Deed registered under the Registration Act, 1908. Real estate assets may be held by the REIT directly or through a Holding Company or a Special

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