SEBI notified the framework for SM REIT’S

The framework for SM REITs was announced by the Securities and Exchange Board of India (Sebi) last week. With a minimum investment of ₹10 lakh, investors can now own a portion of rent-producing real estate assets.
It allowed for fractional ownership of REITs, which will include both residential and commercial buildings, by amending the REIT regulations.
For an SM REIT scheme that has chosen not to use leverage, the investment manager must always hold at least 5% of the total outstanding units for the first three years. The regulations stipulate that the investment manager in charge of setting up an SM REIT must have a net worth of at least ₹20 crore and at least two years experience in real estate fund management or real estate sector.
The minimum holding amount for leveraged schemes rises to 15%.Additionally, completed and revenue-generating properties must account for at least 95% of the scheme’s asset value; the remaining 5% may be allocated to “unencumbered” liquid assets.
According to the regulations, an SM REIT plan must buy an asset valued at least ₹50 crore and less than ₹500 crore, with units being distributed to a minimum of 200 investors..