The Securities and Exchange Board of India (SEBI) on December 06, 2023, issued a notification regarding the revised framework for the computation of Net Distributable Cash Flow (NDCF) by Real Estate Investment Trusts (REITs)
The following has been stated namely: -
• It has been decided to standardize the framework for calculation of available Net Distributable Cash Flows. Accordingly, the revised framework for computation of NDCF by REITs and its Holdcos/SPVs shall be as per Annexure A.
• It states that the revised framework shall be applicable with effect from April 01, 2024, and supersedes the Framework for calculation of Net Distributable Cash Flows provided in Paragraph F of Chapter 3 of the Master Circular for Real Estate Investment Trusts (REITs) dated July 06, 2023.
• This Circular is available on the website of the Securities and Exchange Board of India at www.sebi.gov.in under the category “Legal” and under the drop-down “Circulars”.
Kindly refer to the document to view the Annexure.
[Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2023/185]
