Here we are sharing a piece of big news with you that Market regulator Sebi has determined to promote investment through Small and Medium REITs (SM REITs). The Sebi board approved modifications on Saturday to REIFs (Real Estate Investment Trusts) Regulations, 2014 in order to make a regulatory framework for the facilitation of SM REITs, with an aid value of at least ₹50 crore vis-a-vis minimum investment value of ₹500 crore for existing REITs. Currently, this news has been gaining huge attention from the people and now they are curious to know about the whole information. In this article, we will give complete information about the news, so let’s continue the article.
The conclusion was agreed at the meeting of the board of the Securities and Exchange Board of India (Sebi) in Mumbai. Industry specialists accepted the Sebi decision to regulate fractional ownership real estate market. Aryaman Vir, CEO at WiseX stated, “As the pioneers of the Fractional Ownership model and neo-realty investments in India, we praise SEBI’s progressive action in regulating the fractional ownership framework with the modifications to the REIT Regulations. Swipe up the next page for more information about the news.
Sebi Chairperson Madhabi Puri Buch stated the purpose of the Small and Medium Real Estate Investment Trusts is to assist in expanding the market especially so that more retail investors may have fractional ownership in REIT units. She also stated the regulator is unlock to looking at making more such products. WiseX CEO, SEBI’s acknowledgment of the growing trend of fractional request platforms and growing regulatory oversight is commendable. He also added, “We believe that it will not only foster investor interest in the actual mansion space but also provide investor protection, common disclosure practices, and the robust redressal mechanism,”. You are on the right page for more information about the news, so please read the complete article.
As far as we know, Vir further stated,” Further, the lowered minimum asset value of ₹50 crore for Small and Medium REITs will open exciting chances for investors seeking more reasonable entry points into real estate ownership. The ability of SM REITs to make independent schemes improves flexibility to the positive effect these regulatory changes will bring to the fractional ownership ecosystem, enabling more inclusivity and diversification in the real estate assets.” Here we have shared all the information that we had. Stay tuned to us for more updates.