The Securities and Exchange Board of India (SEBI) has further relaxed regulations to boost investor participation in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Measures include allowing REITs to raise funds by way of debt instruments, allowing a wider category of investors to participate in such instruments and having a single asset under a trust, similar to an InvIT. Under the earlier norms, an REIT was required to have at least two projects under it. The regulator has allowed strategic investors like registered non-banking financial companies, scheduled commercial banks and international multilateral financial institutions to participate in public issues of REITs. Such investors are already allowed in InvITs.