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11-03-2024 12:07 PM | Source: PR Agency

Comment on Fraction by Mr. Shravan Gupta, Founder and CEO of YOURS a platform for Fractional Ownership of Luxury second homes

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Below the Quote on Comment on Fraction by Mr. Shravan Gupta, Founder and CEO of YOURS a platform for Fractional Ownership of Luxury second homes

The recent decision by the Securities and Exchange Board of India (SEBI) is expected to have a significantly positive impact on the emerging fractional ownership sector in the country. This move comes at a time when the market and demand for fractional or co-ownership properties are rapidly growing. The amendments made to the Real Estate Investment Trust (REIT) Regulations in 2014 aim to establish clear guidelines for the formation of Small and Medium Real Estate Investment Trusts (SM REITs).

Through these amendments, the regulatory body seeks to not only regulate and organize the fractional ownership segment but also enhance transparency in the sector. The introduction of specific regulations for SM REITs will provide a level of assurance to both investors and property owners, fostering trust and encouraging participation in these ventures.

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Comment on Fraction by Mr. Shravan Gupta, Founder and CEO of YOURS a platform for Fractional Ownership of Luxury second homes

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