EFC (I) Ltd has received the much-anticipated approval from SEBI to launch EMBERSTONE SM REIT, aimed at raising INR 500 crore. This move underscores the company's commitment to innovation in India's real estate market, while creating meaningful long-term
Sebi ApprovalReal Estate MarketEmberstone Sm ReitEfc I LtdRetail PropertiesReal Estate NewsNov 12, 2024
EMBERSTONE SM REIT is a Real Estate Investment Trust (REIT) launched by EFC (I) Ltd, aimed at raising INR 500 crore. It will focus on acquiring and managing a portfolio of retail properties in prime locations across India.
SEBI approval is crucial as it ensures that the REIT operates under strict governance and transparency norms, providing investors with the confidence they need to invest in the real estate market through REITs.
EMBERSTONE SM REIT will invest in a well-curated portfolio of sustainable and modern retail properties located in prime locations across India.
The target investors for EMBERSTONE SM REIT include retail investors, high-net-worth individuals, and institutional investors who are looking for exposure to high-quality real estate assets without the need for direct ownership.
The long-term goals of EMBERSTONE SM REIT are to generate stable and predictable cash flows, provide attractive returns to investors, and contribute to the growth and development of the retail sector in India.
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