Aurum PropTech has got markets regulator SEBI's approval to launch its Small and Medium Real Estate Investment Trust (SM-REIT), as part of the company's plan to expand business.
The company will list the SM-REIT schemes on stock exchanges, providing opportunities for retail investors to have fractional ownership of rent-yielding premium office assets.
In a regulatory filing on Friday, Aurum PropTech said it is the first public listed company in India to receive a registration certificate from the SEBI as a SM-REIT under the name AMSA SM REIT Investment Trust (AMSA).
The company said that the SM-REIT platform AMSA is evaluating many income-generating commercial properties and the first scheme will be launched soon.
Onkar Shetye, Executive Director, Aurum PropTech, said: "The SM REIT framework provides a perfect platform for investors seeking stable financial products that offer attractive yields while being backed by hard assets."
Aurum PropTech owns and operates NestAway Technologies, a rental marketplace; Aurum Analytica, which helps real estate developers in finding customers; and Sell.do which is into sales automation and digital transformation for real estate.
