REIT definitions clarify asset structures, investor offers, governance independence, related-party boundaries, and common infrastructure disclosures.

REIT means a person pooling at least fifty crore rupees through units issued to at least two hundred investors to acquire and manage real estate assets or properties, while entitling investors to income without day-to-day control over management or operations. REIT assets may be held directly or through a holding company or special purpose vehicle subject to prescribed ownership, asset-composition, and permitted-activity conditions. Real estate includes land and permanently attached improvements, subject to infrastructure exclusions and stated inclusions. Units constitute beneficial interests, and net asset value is determined after reducing external debt from asset value.

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