Infrastructure Investment Trust definitions clarify project classes, governance roles, valuation terms, and issuance categories across the regulatory framework.

Regulation 2 defines the principal terms used in the InvIT framework, including InvIT, trustee, investment manager, sponsor, sponsor group, SPV, holdco, related parties, public issue, private placement, rights issue, and designated stock exchange. It also sets out project classifications such as completed and revenue generating project, eligible infrastructure project, under-construction project, PPP project, non-PPP project, and pre-COD project, together with valuation concepts including NAV, net worth, liquid assets, subordinate units, and value of InvIT assets.

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