Policy Paper: Governance of Fractional Ownership Platforms
Posted by By nishithadmin at 18 August, at 14 : 40 PM Print
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Are REITS The Right Answer?
In the last few years, India has witnessed an emergence of web-based platforms that provide investors an opportunity to invest in fractional ownership in real estate assets (“FOPs”). Recently, the Securities and Exchange Board of India (“SEBI”) released a consultation paper titled ‘Regulatory Framework For Micro, Small & Medium REITs (MSM REITs)’ (“Consultation Paper”). The Consultation Paper proposes to govern the FOPs by bringing them under the ambit of the SEBI (Real Estate Investment Trusts) Regulations, 2014 by introducing a new chapter on Micro, Small and Medium Real Estate Investment Trusts (“MSM REITs”). In this policy paper, we discuss the proposed changes in the REITs’ regulatory framework, working of MSM REITs, as well as the anticipated impact of the Consultation Paper. Please click here to access our paper. Warm regards, - Palomita Sharma, Sapna Kataria, Akash Kumar and Basava Rao
For any help or assistance, please email us on concierge@nishithdesai.com. Do visit us at www.nishithdesai.com.
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