Property Share Becomes First to Receive SM REIT Licence from SEBI
Property Share, a technology-enabled commercial real estate investment platform, has received the first small and medium real estate investment trust (SM REIT) licence from SEBI.
Property ShareSm ReitSebiCommercial Real EstateInvestment PlatformReal Estate MumbaiAug 09, 2024
The fractional ownership platform has been granted the licence under the newly notified SM REIT regulations, which are designed to provide a regulated framework for small and medium-sized real estate investment trusts. As the investment manager to PSIT, Property Share will be responsible for managing the trust's assets and ensuring compliance with regulatory requirements.
According to Kunal Moktan, co-founder of Property Share, the regulated product comes with numerous benefits for investors, including high net worth requirements for the investment manager, compliance and reporting standards, transparency, investor protection mechanisms, and marketing restrictions.
Frequently Asked Questions
What is SM REIT?
SM REIT stands for Small and Medium Real Estate Investment Trust, a regulated framework for small and medium-sized real estate investment trusts.
What is Property Share?
Property Share is a technology-enabled commercial real estate investment platform that provides investors with a fractional ownership model.
What is the significance of the SM REIT licence for Property Share?
The SM REIT licence is a significant development for Property Share, as it provides a regulated framework for the company's investment platform and offers numerous benefits for investors.
What is the first SM REIT scheme that Property Share plans to launch?
Property Share plans to launch an SM REIT scheme comprising an asset spread over 250,000 sq ft in Bengaluru, valued at Rs 330 crore.
What is the annual yield of the commercial property that Property Share plans to list?
The commercial property has an annual yield of 9%.
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