Property Share turns into first FOP; will get Sebi license for small, medium REIT | Firm Information

Property Share, which facilitates fractional possession of business property, on Friday stated it has acquired the Small and Medium Actual Property Funding Belief (SM REIT) license from market regulator Sebi.

In an announcement, the corporate stated it has “change into the primary fractional possession platform (FOP) to obtain the Small and Medium Actual Property Funding Belief (SM REIT) license from the Securities and Change Board of India (Sebi)”.

The license has been given by the Sebi underneath the newly notified SM REIT rules underneath the title of Property Share Funding Belief (PSIT).

Property Share will change into the funding supervisor of PSIT.