How REITs are registered?

After the incorporation of REIT and the appointment of the manager and compliance officers, the sponsor can submit a registration application on the SEBI Intermediary Portal (SI Portal). REITs are required to pay a fee of Rs 1 Lakh while applying for registration. Once all the conditions for registration are fulfilled on REIT, SEBI will send an intimation through the SI portal. To obtain a registration certificate, the applicant has to pay a one-time registration fee of Rs 10 Lakh.