Who has reduced the minimum subscription requirement for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)?

SEBI in his guidelines titled "Guidelines for Determination of Allotment and Trading Lot Size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)" has reduced the minimum subscription requirement as well as defined trading lots for REITs and InvITs.For determining the allotment in an initial offer and follow on public offers, REITs have to offer their units in lots worth at least Rs 50,000 and in case of InvITs, the minimum value of a single lot should be Rs 1 lakh.The allotment to any investor shall be made in the multiples of a lot.For initial listing in case of REITs and InvITs, a trading lot should be of 100 units and for follow on public offers, each lot shall consists of such number of units in its trading lot as it had at the time of initial offer. Moreover, SEBI has also increased leverage limit for InvITs from 49 percent to 70 percent.