SEBI to regulate platforms offering fractional ownership of real estate assets

The Securities and Exchange Board of India (SEBI) is considering regulating online platforms offering fractional real estate ownership with a minimum investment between INR100,000 ($1,346) and INR250,000 ($3,365). The regulator has dubbed the lack of standard selling practices and independent valuations on these platforms as a risk to investors and suggested they should be subject to the Micro, Small and Medium REIT regulatory framework. A discussion paper from the regulator also proposed a net worth of INR10m for investment managers and INR20m for sponsors.