The Economic Times

Sebi proposes investment by REITs, InvITs in third party projects without controlling interest

Sebi has put forth proposals to permit REITs and InvITs to channel their investments into under-construction projects. This initiative is designed to establish a consistent stream of revenue-producing assets over the long term. Moreover, the regulator plans to shorten the cooling-off period for privately placed InvITs. Notably, common remote infrastructure will now be classified as real estate for REITs.