Property Share, India's fractional ownership platform, receives first SM REIT license from Sebi.
Property Share, a pioneering fractional ownership platform in India, becomes the first to receive an SM REIT license from the Securities and Exchange Board of India (Sebi). Founded in 2016, Property Share will manage the Property Share Investment Trust (PSIT) under the new SM REIT framework, which aims to securitize real estate assets and make them more inclusive for retail and institutional investors. The company plans to file papers for its first SM REIT scheme within two weeks.
August 09, 2024
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