With this registration, REPL will act as investment manager of ImpactR SM-REIT.
Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for infrastructure and integrated urban development, has received registration for small and medium real estate investment trusts (SM REITs) from market regulator Sebi.
The approval is being made under the name ImpactR SM REIT, REPL said in a statement on Thursday.
Click here to connect with us on WhatsApp
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 up a regulatory framework aimed at streamlining 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 up structured and transparent investment opportunities, making 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 REPL has experience in designing, developing and managing various real estate projects, including marketing them 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.
(Only the title and image of this report may have been modified by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: September 27, 2024 | 11:42 am IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.