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<h1>Definition of 'Net Asset Value' in Regulation 2(1)(x) for Real Estate Investment Trusts Explained.</h1> 'Net asset value' or 'NAV' is defined under regulation 2(1)(x) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. It refers to the value of the assets of a Real Estate Investment Trust (REIT) after subtracting external debt, divided by the number of outstanding units on a specific date.