Definitions Of Real  Estate Investment  Trust :

“Associate” of any person includes:-

(i) Any person controlled, directly or indirectly, by the said person;

(ii) Any person who controls, directly or indirectly, the said person;

(iii) Where the said person is a company or a body corporate, any person(s) who is designated as promoter(s)
of the company or body corporate and any other company or body corporate with the same promoter(s);

(iv) Where the said person is an individual, any relative of the individual;

(v) where the said person is a company or a body corporate or an LLP, its group companies;

(vi) Companies or LLPs under the same management;

(vii) Where the said person is a REIT, related parties to the REIT;

(viii) Any company or LLP or body corporate in which the person or its director(s) or partner(s) hold(s), either individually or collectively, more than 15 % of its paid-up equity share capital or partnership interest, as the case may be;

“Floor Space Index” or “FSI” shall mean the buildable area on a plot of land as specified by the competent authority.

“Follow–On Offer” means offer of units of a listed REIT to the public for subscription and includes an offer for sale of REIT units by an existing unit holder to the public;

“Follow-On Offer Document” means any document by which follow-on offer is made to the public;

“Investment Management Agreement” means an agreement between the trustee and the manager which lays down the roles and responsibilities of the manager towards the REIT;

“Occupancy Certificate” means a completion certificate, or such other certificate, as the case may be, issued by the competent authority permitting occupation of any property under any law for the time being in force;

“Real Estate” Or “Property” means land and any permanently attached improvements to it, whether leasehold or freehold and includes buildings, sheds, garages, fences, fittings, fixtures, warehouses, car parks, etc. and any other assets incidental to the ownership of real estate but does not include mortgage.

“Real Estate Assets” means properties owned by REIT whether directly or through a special purpose vehicle;

“Re-Designated Sponsor” means any person who has assumed the responsibility of the sponsor as provided
under regulation 11 from the person as designated under clause (zt) of sub-regulation (1) i.e., Sponsor, of this
regulation or from any re-designated sponsor thereafter;

“REIT Assets” means real estate assets and any other assets owned by the REIT whether directly or through a special purpose vehicle;

“Related Party To The REIT” shall include:

(i) parties to the REIT;

(ii) any unit holder holding, directly or indirectly, more than twenty per cent of the units of the REIT;

(iii) associates, sponsors, directors and partners of the persons in clause (i) and (ii).

“Rent Generating Property” means property which has been leased or rented out in accordance with anagreement  entered into for the purpose;

“Right-Of-First-Refusal” or “ROFR” of a REIT means the right given to the REIT by a person to enter into a transaction with it before the person is entitled to enter that transaction with any other party.

“Transferable Development Rights” or “TDR” shall mean development rights issued by the competent authority under relevant laws in lieu of the area relinquished or surrendered by the owner or developer or by way of declared incentives by the government or authority;

“Under-Construction Property” means a property of which construction is not complete and occupancy certificate has not been received;