First small & medium REIT may be launched, listed in 6 months: NAREDCO
India's first Small and Medium Real Estate Investment Trust (SM-REIT) is expected to be listed on stock exchanges within the next six months, enabling small investors to have fractional ownership of rent-yielding properties by investing as low as Rs 10 lakh, according to NAREDCO.
Addressing a webinar on Wednesday, realtors' body NAREDCO President G Hari Babu said, "We are expecting the launch of first SM-REIT by September-October".
