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<h1>SEBI Implements UPI for REIT Public Issues, Enabling Fund Blocking for Applications up to Rs. 5 Lakh by August 2022.</h1> The Securities and Exchange Board of India (SEBI) introduced the Unified Payments Interface (UPI) mechanism for individual investors applying for public issues of Real Estate Investment Trusts (REITs), allowing fund blocking for applications up to Rs. 5 lakh. This circular outlines the process flow, roles of involved entities, and requirements for implementing UPI in REIT public issues. Stock Exchanges, Depositories, and other intermediaries must ensure infrastructure readiness and compliance by August 1, 2022. The circular aims to enhance investor protection, streamline the application process, and ensure timely listing and trading of REIT units.