Rudrabhishek Enterprises receives Sebi nod for SM REIT
Rudrabhishek Enterprises Limited (REPL), an integrated urban development and infrastructure consultancy firm, has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from the Securities and Exchange Board of India (SEBI).
The approval was granted to ImpactR SM REIT, making it the second SM REIT in India to receive registration under the new regulations.
With this registration, REPL is expected to expand its footprint in the real estate investment sector, leveraging its experience and industry partnerships to drive the growth of ImpactR SM REIT.
«The ImpactR SM REIT will open up structured and transparent investment opportunities, making real estate accessible to a broader base of investors. With our extensive experience in real estate and urban infrastructure, we are confident this step will create a transformative impact for our stakeholders and the industry. REPL has proven credentials in design, development, and project management of diverse real estate projects, including its marketing and turning them into revenue-generating assets,” said Pradeep Misra, CMD of REPL.
SEBI first notified the regulations for SM REITs on March 8, 2024, setting out a regulatory framework aimed at streamlining Fractional Ownership Platforms (FOPs) and enabling more involvement in real estate investments. With this registration, REPL will serve as the investment manager for ImpactR SM REIT, positioning the company at the forefront of an emerging sector that is set to revolutionize real estate
