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<h1>SEBI Amends REITs Regulations 2014: Introduces Small and Medium REITs with New Guidelines Effective March 2024.</h1> The Securities and Exchange Board of India (SEBI) has issued amendments to the Real Estate Investment Trusts (REITs) Regulations, 2014, effective from March 8, 2024. Key changes include the introduction of Small and Medium REITs (SM REITs) under Chapter VIB, detailing their applicability, definitions, registration process, eligibility criteria, and operational guidelines. The amendments specify investment conditions, fund-raising modes, valuation requirements, and distribution protocols. They also outline the rights and meetings of unit holders, investor grievance redress mechanisms, and conditions for delisting. These regulations aim to streamline and enhance the functioning of REITs in India.