India’s First SM REIT License
Property Share, India’s first tech-enabled commercial real estate investment platform, has achieved the distinction of being the first fractional ownership platform (FOP) to receive the Small & Medium Real Estate Investment Trust (SM REIT) license from the Securities & Exchange Board of India (SEBI) under the newly notified SM REIT regulations under the name of Property Share Investment Trust. Property Share will become the investment manager to PSIT.
SEBI had notified the SM REIT regulations to bring FOPs within the regulatory framework as a subclass within the REIT regulations for assets valued between Rs 50 and 500 crores. Similar to REITs, SM REITs are fully regulated by SEBI with units of each of the schemes listed on the stock exchanges.
Property Share, founded in 2016 by IIM Ahmedabad batchmates Kunal Moktan and Hashim Khan, has emerged as one of the largest FOP platforms in terms of properties funded, active investor base as well as external capital raised. The platform serves nearly 300,000 users in more than 20 countries across 5 continents.
Real estate consulting firm in India provides a comprehensive range of services, including news and updates, legal paperwork assistance, financing options, regulatory compliance support, and RERA services.
