Fractional possession platform hBits plans to register with the Securities and Alternate Board of India as a ‘small and medium actual property funding belief’ (SM REIT) within the subsequent three weeks. The SM REIT laws have been notified by SEBI in March and several other fractional platforms are readying their REIT constructions; hBits intends to … Read more
hBits, a fractional possession platform for business actual property, expects investments price ₹1500-2000 Crore from Gujarat-based HNIs and traders by way of its platform over the subsequent 3 to 4 years, said the corporate in an official launch right here Wednesday. “Gujarat has all the time been one among our key markets with to this … Read more
Final month Securities and Alternate Board of India (SEBI) greenlighted the launch of micro, small and medium actual property funding trusts (REITs) paving the way in which for unregulated fractional possession platforms to operate underneath a REIT framework. Mumbai-based hBits intends to be first off the block in launching a REIT. “We’re engaged on creating … Read more