SM Reits: How Property Share is literally giving rich retail investors a piece of the action in real estate
Live MintBengaluru: Sandeep Gupta is always looking for opportunities to expand his investment portfolio. Property Share is the investment manager for Property Share Investment Trust, India’s first registered small and medium real estate investment trust. Industry experts believe that SM Reits can reshape India’s commercial real estate landscape by investing in ready properties, and organizing an office market that is fragmented. As per property advisory CBRE India’s estimates, the country’s potential SM Reit market value is likely to exceed $60 billion by 2026 While equities offer a convenient way to benefit from the real estate boom, they do not offer the option of steady rental income, which is one of the key advantages of commercial property as an asset class. So, in March, to protect investors’ interests and make fractional ownership a viable financial product, Sebi issued regulations for small and medium real estate investment trusts or SM Reits.