REPL gets registration for SM-REIT from SEBI; will launch IPO soon

Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for infrastructure and integrated urban development, received registration for Small and Medium Enterprises Real estate investment Trusts (SM REIT) from market regulator SEBI. The approval is under the name. ImpactR SM REITREPL said in a statement on Thursday.

This is the second SM-REIT in India to receive this registration following the new regulations.

“We will soon launch our first IPO (Initial Public Offering) under ImpactR SM REIT. Going forward, we plan to expand beyond traditional residential and commercial assets, introducing various asset classes such as warehouses, hospitals, hotels and industrial spaces.” said Pradeep Misra, CMD of REPL.

SEBI first notified regulations for SM-REITs on March 8, 2024, setting out a regulatory framework aimed at simplifying fractional ownership platforms (FOPs) and enabling broader participation in real estate investments.

With this registration, REPL will act as investment manager of ImpactR SM-REIT.

“The ImpactR SM REIT will open structured and transparent investment opportunitiesmaking real estate accessible to a broader base of investors,” Misra said. “With our extensive experience in real estate and urban infrastructure, we are confident that this step will create a transformative impact for our stakeholders and the industry at large.” He added Misra said that REPL has experience in designing, developing and managing various real estate projects, including their marketing and converting them into an income generating asset.

REPL Group has planned and delivered diversified projects such as residential, commercial, group housing and integrated townships; hospitals, hotels and recreational facilities; water supply, sewage and sanitation systems; regional plans and master plans; roads and highways.

REPL is widely associated with the government’s flagship programs such as smart cities, PMAY and AMRUT across multiple locations and in various capacities.

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