Rudrabhishek Enterprises gets SEBI approval 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).

ImpactR SM REIT was approved, becoming the second SM REIT in India to get registered under the new rules.

With this registration, REPL will expand its footprint in the real estate investment sector, ImpactR is expected to leverage its experience and industry partnerships to further SM REIT’s growth.

“ImpactR SM REIT will open up structured and transparent investment opportunities, making real estate accessible to a wider base of investors. With our extensive experience in real estate and urban infrastructure, we are confident that this move will create a transformative impact for our stakeholders,” said Pradeep Mishra, CMD, REPL. That said, REPL has proven credentials in the design, development and project management of various real estate projects, including their marketing and conversion into income generating assets.

SEBI first notified the rules for SM REITs on March 8, 2024, laying down the regulatory framework aimed at streamlining fractional ownership platforms (FOPs) and enabling greater 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 poised to revolutionize real estate investing for small investors.

“Getting SM REIT registration is just the beginning. We will soon launch our first IPO under ImpactR SM REIT. Going forward, we plan to expand beyond traditional residential and commercial assets, introducing diversified asset classes like warehousing, hospitals, hotels, This is an important step for Curry and Industrial Spaces 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 SM REITs in India is over 300 million square feet of commercial office space. The SM REITs market is expected to exceed Rs. 4.98 lakh crore by 2026 says the CBRE report.

“Since SM REITs are under the ambit of SEBI’s well-regulated provisions, this will boost the confidence of investors from all segments, including HNIs, NRIs and institutional investors. REPL is one of the first two companies to get registered for SM-REITs and hence the first mover advantage will work a lot in its favor to attract the interest of developers, property owners and the investor class,” he said.

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