Have a crore to invest in a second home in Goa? Here’s what you should know

Market regulator Securities and Exchange Board of India's recent decision to allow the creation of small and medium REITs along with guidelines for fractional ownership, is expected to open the doors to fractional ownership of rent yielding real estate assets, including uber-luxury second homes across the country. Shravan Gupta, founder and CEO of YOURS, a platform for fractional ownership of luxury second homes in Goa, Alibaug, Nilgiri, Kasauli and Wayanad, is of the opinion that the guidelines proposed by SEBI are crucial for formalising the sector, instilling investor faith, and addressing the complexity of Special Purpose Vehicle securities issuances. Amit Goyal, managing director, Sotheby’s International Realty in India is of the opinion that market regulator SEBI's recent decision to allow the setting up of small and medium REITs along with guidelines for fractional ownership, are both excellent steps to broad base real estate as a financial investment. Goyal is particularly enthusiastic about this SEBI move opening the doors of fractional ownership of rent-yielding real estate assets, including uber luxury second homes across the country.