The Securities and Exchange Board of India issued the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2026, effective from the date of publication in the Official Gazette. These amendments modify provisions of the SEBI (REIT) Regulations, 2014. Key changes include a reduction in the minimum required credit risk value from 12 to 10 in both Regulation 2(1)(ta) and Regulation 18(5)(i). Additionally, eligibility criteria have been expanded by including “Class B-I” instruments alongside “Class A-I” within the potential risk class matrix. The amendments also standardize terminology by capitalizing references to Government Securities, treasury bills, and repo on Government Securities. These changes aim to broaden the scope of permissible instruments and adjust credit risk thresholds within the REIT regulatory framework. The amendment continues SEBI’s ongoing regulatory updates to the REIT regime, which was originally notified in 2014 and last amended in December 2025.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 16th April, 2026
SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2026
No. SEBI/LAD-NRO/GN/2026/302.–– In exercise of the powers conferred under Section 30 read with Sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, namely: –
1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2026.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, ─
I. in regulation 2, in sub-regulation (1),
a. in clause (ta),
i. the number “12” appearing after the words “credit risk value is at least” shall be substituted with the number “10”;
ii. after the words and symbol “Class A-I” and before the words “in the potential risk class matrix” the words and symbol “or Class B-I” shall be inserted;
iii. the words and symbols “government securities, treasury bills, repo on government securities” shall be substituted with the words and symbols “Government Securities, treasury bills, repo on Government Securities”;
II. in regulation 18, in sub-regulation (5), in clause (i),
a. the number “12” appearing after the words “credit risk value is at least” shall be substituted with the number “10”;
b. after the words and symbol “Class A-I” and before the words “in the potential risk class matrix” the words and symbol “or Class B-I” shall be inserted.
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./45/2026-27]
Note:
1. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was published in the Gazette of India on September 26, 2014 vide notification No. LAD-NRO/GN/2014-15/11/1576 and was last amended on December 11, 2025 by the Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2025 vide notification No. SEBI/LAD-NRO/GN/2025/287.
