Rudrabhishek Enterprises Ltd gets SEBI nod for small and medium REIT, to be named ImpactR SM REIT

Infrastructure consultancy Rudrabhishek Enterprises Ltd has announced that it has received approval from markets regulator Securities and Exchange Board of India to register a small and medium real estate investment trust, the second such application approved by the regulator since notifying rules for the upcoming segment earlier this year. Rudrabhishek Enterprises Ltd receives Sebi approval for small and medium REIT The new SM REIT, under the name ImpactR SM REIT, will have REPL as its investment manager. “Since SM REITs are within the ambit of well-regulated provisions of Sebi, this will boost the confidence of investors from all segments including the HNIs, NRIs and institutional investors,” Misra said, adding that since REPL is amongst the first two companies to get registration for SM-REITs, the first mover advantage will work in its favor in terms of attracting interest of the developers, property owners and the investor class. As per CBRE, the total completed office stock in India currently stands at over 800 mn sq ft, out of which REIT-listed office inventory is recorded at over 88 mn sq ft. REPL has undertaken assignments across segments such as residential, commercial, group housing and integrated township projects, hospitals, hotels and recreational facilities, among others.