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.
Esta historia es de la edición May 01, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 01, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Mayday for 'Sell in May': Strategy needs a rethink
Market strength hinges on policy continuity, Budget, and attention to domestic indicators and global cues, say experts
High-valued stock universe up 2.5x in a single year
FROM 41 TO 104: Number of stocks commanding P/E ratios over 50x in March 2023 reflects market confidence
Bharat Electronics'growth story intact
THE COMPASS DEVANGSHU DATTA Bharat Electronics (BEL) reported excellent results for the January-March quarter (Q4) of FY24, which were driven by decent earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins and higher profit after tax (PAT) as well as good revenue growth.
Framework issued to shield stock price impact from market rumours
The Securities and Exchange Board of India (Sebi) on Tuesday detailed out a framework around \"unaffected price\" to calculate pricing for takeovers, buybacks, preferential issue and other such transactions.
Ireda plans FPO to unlock equity needs
Public sector non-banking financial company (NBFC) Ireda Limite will issue a follow-on public offering (FPO) during the current financial year to boost its equity capital.
'Mission is to push Indians to see Majestic Blue Ball'
GOPICHAND THOTAKURA, who recently made history by becoming India's first civilian astronaut or space tourist, in a video interview with Shine Jacob discusses his dream of an orbital space journey to view the country from the space, plans regarding collaborating with an Indian space startup, and aspiration of becoming an inspiration for others.
WEF: Tourism's share in global GDP to return to pre-Covid levels this year
The travel and tourism sector's contribution to global gross domestic product will return to pre-pandemic levels by the end of 2024, according to a new report by the World Economic Forum (WEF) on Tuesday.
GRAIN GAIN
Year of millets over, we need to dedicate a decade to these grains to build on the gains of 2023
Boards need to embrace AI
Boards of companies often face the imperative to embrace technological advancements to stay relevant in a rapidly evolving business environment.
A better way to fix MGNREGS
The problems of the rural job scheme should be tackled through stricter monitoring, not by burden-sharing
