Want to start private reit in india

I am a Chartered Civil Engineer with 18 years in the Construction Industry. I wish to start a Private REIT in India. I have gone through the rules for forming an REIT as laid down by SEBI for the same. Out of all the eligibility requirements in the list, I can comply with almost all of them except the following two. 1. Minimum Asset size of 500 Crores & 2. Raising Funds through an IPO. Actually I have a small group of Investors who trust in me and we mutually agree to do this business within our group. Also we have no intention as of now to go public. Hence, I would like to know whether 1. I can start a Private REIT legally in India? Maybe with a different name or under a special type/ category of company? 2. Is there any way to bypass these 2 requirements? Help would be much appreciated and if there is any possibility, I am ready to engage with any expert lawyer on this forum for professional services in this regards. Thanks & regards, Er. Chetan Bhadage. Nashik.