Valuation of assets: independent periodic and transaction-triggered valuations required, with disclosure to designated stock exchanges promptly.

Valuation requires an independent valuer with prescribed experience to perform full valuations including physical inspection and mandatory disclosures. Full valuations must be done annually and submitted with annual results; publicly offered InvITs require half-yearly valuations and, where borrowings exceed the threshold, quarterly valuations. Valuation reports must be filed with designated stock exchanges within prescribed timelines. Project-level valuations are required for purchases and sales, with unit holder approval when transaction prices materially diverge from valuer assessments. Valuers face consecutive-appointment limits and conflict-of-interest restrictions, and material developments trigger expedited revaluation and disclosure.

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