Securities And Exchange Board Of India - Subsection
Section 18(4)(b) in Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
(b)if any project is implemented in stages, the part of the project which is completed and [rent and/or income generating] [Substituted 'rent-generating' by Notification No. SEBI/LAD-NRO/GN/2017-18/022, dated 15.12.2017 (w.e.f. 26.9.2014).] shall be considered under this sub-regulation and the remaining portion including any contiguous land as specified under proviso to sub-regulation (2) shall be included under clause (a) of sub-regulation (5).