Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for integrated urban development and infrastructure, has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from market regulator SEBI.
The approval is under the name ImpactR SM REIT, REPL said in a statement on Thursday.
This is the second SM-REIT in India to receive this registration following the new regulations.
“We will soon be launching our first IPO (Initial Public Offering) 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,” 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 wider participation in real estate investments.
With this registration, REPL will serve as the …
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