hBits received the official license from the Securities and Exchange Board of India (SEBI) to launch its Small & Medium Real Estate Investment Trust (SM REIT), marking a significant milestone for the Indian proptech and fractional ownership ecosystem.
The company plans to launch its maiden SM REIT IPO by June 2025. Over the next few weeks, hBits will also migrate its existing portfolio of premium commercial properties into the SM REIT structure.
This move marks the beginning of a new chapter for hBits, which seeks to democratise access to high-quality commercial real estate assets for retail investors. The SM REIT structure, governed by SEBI, is expected to significantly enhance transparency, compliance, and investor confidence in the emerging asset class of fractional commercial real estate ownership.
hBits is actively looking to acquire new premium commercial properties in prime commercial locations, including in the top 10 cities, intending to achieve an Assets Under Management (AUM) of Rs 2,000 Crore by March 2026.
With a community of 100,000+ registered users, 16 premium commercial assets, and strong investor traction, hBits has emerged as a trusted name in commercial real estate investing. The company recently raised Rs 40 Crore in its Series A round from Capricon Realty Pvt. Ltd., part of the Thackersey Group, further strengthening its financial foundation.
Shiv Parekh, Founder & CEO of hBits, said, “India’s commercial real estate sector has witnessed strong and consistent growth, especially in office spaces. With SEBI’s SM REIT regulations in place, the path to building a transparent, structured, and investor-friendly platform for fractional ownership in commercial real estate is clear. We aim to create access to high-yielding, premium-grade assets across India’s top commercial hubs and provide retail investors with consistent income and long-term wealth creation opportunities.”
hBits’ upcoming SM REIT will offer investors regular rental income, potential capital appreciation, and enhanced liquidity through secondary market mechanisms.
