The Securities and Exchange Board of India (SEBI) has proposed a series of significant changes to the regulatory framework for Real Estate Investment Trusts (REITs), Small and Medium REITs (SM REITs), and Infrastructure Investment Trusts (InvITs) in India. These proposals aim to clarify existing rules, promote sustainability, expand the asset base, and enhance operational efficiency of these investment vehicles. This article explores the key proposals and their potential impact on India’s evolving real estate investment landscape.