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11-03-2024 12:10 PM | Source: PR Agency
Comment on Fraction by Mr. Shrinivas Rao, CEO- Vestian
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Below the Comment on Fraction by Mr. Shrinivas Rao, CEO- Vestian
“SEBI’s notification to regulate small and medium REITs (SM REITs) is a welcome move for the Indian real estate sector. This will regulate the fractional ownership industry and safeguard investor interests, incorporating both commercial and residential properties within the new framework. Moreover, it is expected to boost the participation of domestic and foreign retail investors, and liquidity in the Indian real estate market as an initial offering for an SM REIT is mandated to have a minimum subscription amount of INR 10 lakh per investor, contrasting with the earlier norm where fractional platforms often required an investment of about INR 25 lakh.”
He further added, “SM REITs are now allowed to gather funds starting from INR 50 Cr by issuing units to a minimum of 200 investors instead of the earlier cap of INR 500 Cr. This may bring a large number of income-generating small and medium real estate assets under the purview of REITs.”
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