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<h1>SEBI Releases Master Circular for REITs Consolidating Regulations; Excludes COVID-19 Compliance Relaxations; Specific Circulars Prevail in Discrepancies.</h1> The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Real Estate Investment Trusts (REITs) to consolidate all relevant circulars up to October 31, 2021. This circular aims to provide easy access to applicable regulations for REITs, stock exchanges, merchant bankers, and other intermediaries. It excludes circulars related to temporary COVID-19 compliance relaxations. In cases of discrepancies, the specific circulars will take precedence over the Master Circular.