The rules finalized Sunday state that only commercial properties, such

as office buildings can be part of a REIT, and all REITs have to be

listed on a stock exchange.
To be eligible for listing, the value of the assets owned or proposed
to be owned by a REIT should be worth at least 5 billion rupees.
REITs will be required to distribute not less than 90% of their net
distributable cash flows to investors at least every six months.
Under the rules, at least 80% of the value of the REIT's assets
must be in properties that are completed and generating revenue.
A REIT can invest only 10% of the value of its assets in properties
that are under construction, Sebi said. REITs can also invest a
small portion in other securities like mortgage-backed securities and
money market funds.
Meanwhile, infrastructure investment trusts will own
infrastructure projects. These trusts may or may not be listed on
stock exchanges, depending on the kind of assets they own