Mandatory Disclosures in Initial Offer Document/Follow On Offer Document

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....ct person (s), contact details, email id ii. Background of the sponsor including activities being undertaken by the sponsor with respect to real estate b. Manager i. Background of the manager including past experience in management/advisory services in real estate ii. Brief functions, duties and responsibilities of the manager iii. Brief profiles of the directors of the manager and units held by them in the REIT, if any c. Trustee i. Background of the trustee including details of registration with SEBI ii. Names and profiles of the Directors iii. Functions, duties and responsibilities of the Trustee d. Valuer i. Background of the valuer includ....

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....ion that prior in-principle approval has been obtained from the Designated Stock Exchanges ^1[d. Commitment received from strategic investors, if any.] 5. Market overview 6. Description of the assets under the REIT a. Breakup/proposed breakup of REIT assets in terms of Regulation 18 b. Description of real estate assets of the REIT including the general character and competitive conditions of all the properties held or intended to be acquired by the REIT and pictures of the properties. c. Key statistics of the properties (area, occupancy, location, etc.) d. Special features of the properties, if any e. Details of the ^2[holdco and/or] SPVs through which the properties are held/propo....

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.... clauses exist in rental agreements providing high grace period in lieu of higher rental values. If yes, details shall be provided i. For under-construction properties (property-wise), the following additional disclosures shall be made: i. Stage of construction along with % of completed construction as at the end of the year ii. Progress of construction iii. Expected completion iv. Status of approval/assessment from various authorities including statutory assessment & environment considerations with respect to development regulations and planning norms 7. Business Details and Strategy a. Investment strategy • Description of investment strategy including category, type, lo....

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....ree years beginning the current financial year certified by the manager and the auditor with respect to calculation and assumptions (e) Contingent liabilities as on the date of the financial information disclosed in the offer document/placement memorandum] 12. Rights of Unit Holders a. Rights of unit holders b. Proposed disclosures to the unit holders either directly or by public dissemination on the Designated Stock Exchanges website c. Frequency and manner of meetings of unit holders 13. Title disclosures, litigations and regulatory actions a. Title disclosure of the properties including any material litigations pertaining to the properties b. Brief description of the material li....

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.... Inserted by the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016, w.e.f. 30.11.2016 4 Inserted by the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016, w.e.f. 30.11.2016 5 Omitted by the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016, w.e.f. 30.11.2016. Prior to its omission, sub paragraph (c) read as follows:, "Projections of income of the REIT over next three years beginning the current financial year certified by the manager with respect to calculation and assumptions and certified by the auditor with respect to arithmetical accuracy" 6 Inserted by the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2016, w.e.f. 30.11.2016. 7 Substituted ....