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 investments for smaller investors.

“Receiving the SM REIT registration is just the beginning. We will soon be launching our first IPO under ImpactR SM REIT. Moving forward, we plan to expand beyond traditional residential and commercial assets, introducing diverse asset classes such as warehousing, hospitals, hotels, and industrial spaces. This is a significant step for REPL, our investors, and the entire Indian real estate market, and we are excited about the opportunities it will bring in the near future.”According to estimates, the potential market for the SM REITs in India is over 300 million square feet of commercial office space. SM REITs market is expected to exceed Rs. 4.98 lakh crores by 2026 says CBRE report.“Since the SM REITs is within the ambit of well-regulated provisions of SEBI, this will boost the confidence of investors from all segments including the HNIs, NRIs and institutional investors. REPL is among the first two companies to get registration for SM-REITs and hence the first mover advantage will immensely work in its favor in terms of attracting interest of the developers, property owners and the investor class,” he said.

REPL has planned and delivered complex assignments of diverse nature such as residential,commercial, group housing & integrated township projects, amongst others. It is also associated with GOI’s flagship programs such as Smart Cities, PMAY & AMRUT at multiple locations under various capacities.