Fractional property ownership platforms (FOPs) are planning to roll out small real estate investment trusts (Reits) under the newly introduced Small and Medium (SM) Reit Regulations.
Platforms such as hBits, Assetmonk and WiseX are putting the finishing touches to their products. Sources said their new issues could be between Rs 75 crore and Rs 200 crore.
The Securities and Exchange Board of India (Sebi) board approved the SM Reit norms in November 2023 and notified them in March in a bid to bring these real estate platforms under regulation.
FOPs offer co-ownership of a property
First print: April 30, 2024 | 9:06 pm IST