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Strata out of Sebi's SM Reit licence framework
Hindustan Times Patna
|May 15, 2025
Strata, one of India's largest fractional real estate platforms, has surrendered a crucial licence following a dispute with its builder-partner over a project in Tamil Nadu as well as allegations of a company executive impersonating a regulator.
MUMBAI/BENGALURU:
The Securities and Exchange Board of India (Sebi) on Wednesday said Strata has surrendered its small and medium real estate investment trust (SM Reit) licence, and cautioned investors about the dispute over the company's project in Hosur.
Strata had not launched any SM Reit scheme under the licence, Sebi said in a post on social media platform X on Wednesday.
A Strata spokesperson said the company had voluntarily surrendered its SM Reit licence without admitting or denying any wrongdoing, and that it intended to apply for a fresh licence after the litigation is concluded.
This story is from the May 15, 2025 edition of Hindustan Times Patna.
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