Fractional Ownership Platform Property Share Received India’s 1st SM REIT License from SEBI

Current Context: Property Share has become the first fractional ownership platform to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the name Property Share Investment Trust (PSIT).

• This license allows Property Share to manage its fractional ownership platform under the regulatory framework of SM REITs, which are designed for assets valued between ₹50 and ₹500 crores.
• The company plans to file for its initial SM REIT scheme for a ₹330 crore fully-leased commercial property in Bengaluru, with an annual yield of 9%.
• This move is expected to bring significant benefits to investors, including compliance and reporting standards, transparency, and investor protection mechanisms.

Question:

1 What is the name of the first fractional ownership platform to receive the SM REIT license from SEBI?

• A) Real Estate Share
• B) Property Share
• C) Fractional Realty
• D) Investment Trust

Answer: B) Property Share is the first fractional ownership platform to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from SEBI.