INDIA: The Securities and Exchange Board of India (Sebi), the capital markets regulator, has taken a step towards protecting small investors by introducing a consultation paper to regulate web-based fractional ownership platforms (FOPs) that offer fractional ownership of real estate assets.
A paper was released on Friday which outlines a proposed framework that aims to enhance the real estate market, ensure investor protection, and promote orderly growth in this sector and the market.
Under Sebi’s Real Estate Investment Trusts rules, the plan is to categorize fractional ownership of real estate assets as Micro, Small and Medium REITs.
This move intends to enable individuals to invest in a portion of the real estate by splitting the acquisition cost among multiple investors.
These investors would purchase securities issued by a special purpose vehicle (SPV) established by an FOP.
The SPVs, in turn, acquire real estate assets. While some FOPs are managed by real estate agents or brokers during the property selection process, they subsequently function as property managers
Islamabad: The Capital Development Authority (CDA) has earmarked PKR 200 million to settle outstanding land…
Lahore: Punjab Governor Sardar Saleem Haider Khan has promulgated two key ordinances aimed at modernising…
Islamabad: Pakistan’s tax authorities are intensifying efforts to detect undeclared wealth by monitoring social media…
Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…
The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…
Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
