The Securities and Exchange Board of India (SEBI) has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors.
Fractional ownership typically refers to small investment holdings of real estate assets. A number of web based platforms have mushroomed in the past three years which allow investors to invest in malls, warehouses, buildings and so forth.
The sponsor and investment manager should have a net worth of 20 million rupees and 10 million rupees, respectively, the regulator said. The underlying real estate assets offered on these platforms are similar to the real estate or property defined under the REIT Regulations, said SEBI in the discussion paper.
Globally such fractional ownership has been in existence since 2015 in markets such as the United States and United Arab Emirates.
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