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hBits Plans to List Its Maiden SM Reit Asset
Mint Kolkata
|January 09, 2025
Fractional ownership platform hBits Proptech Pvt. Ltd, which allows retail investors to invest in rental income-generating properties, is set to float a small and medium real estate investment trust (SM Reit) by February, a top executive told VCCircle.
The company is expecting to receive approval for its maiden office asset SM Reit from the Securities and Exchange Board of India (Sebi) by the end of this month, founder and chief executive Shiv Parekh said.
If all approvals go through, this will be the fourth SM Reit to have received Sebi's approval after the regulator notified the norms for the operation of these instruments in March.
"We are expecting to get the licence from Sebi shortly. We are targeting to launch our first asset in the middle of February," he said.
यह कहानी Mint Kolkata के January 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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