Real estate fractional ownership platforms (FOPs) are planning to roll out small-sized real estate investment trusts (Reits) under the newly introduced Small and Medium (SM) Reit Regulations.
Platforms like hBits, Assetmonk, and Wisex are giving final touches to their products. Sources said their new issuances could be in the range of ₹75 crore to ₹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 an attempt to bring these real estate platforms under the regulatory ambit.
FOPS offer co-ownership of a real estate asset, mostly earning through rentals.
Sebi's push for SM Reits has the potential to regularise underlying real estate assets to the tune of over 4,000 crore in the near to mid-term, according to Colliers, a real estate consultant.
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