Property Share Secures SEBI's First SM REIT License

Property Share, a platform for fractional ownership of commercial assets, announced that it has received the Small and Medium Real Estate Investment Trust (SM REIT) license from SEBI. This makes Property Share the first fractional ownership platform to achieve this milestone. In 2022, the company raised Rs 347 crore.

Property Share, a pioneer in facilitating fractional ownership of commercial properties, announced on Friday that it has been awarded the Small and Medium Real Estate Investment Trust (SM REIT) license by India's market regulator, SEBI.

In an official statement, the company stated that it has become the first fractional ownership platform (FOP) to secure the SM REIT license from the Securities and Exchange Board of India (SEBI) under the newly introduced regulations.

As the investment manager of the newly named Property Share Investment Trust (PSIT), Property Share intends to work closely with SEBI to launch the Initial Public Offering (IPO) of the first SM REIT scheme in the upcoming weeks, according to Kunal Moktan, Co-Founder of Property Share.