First small and medium REIT expected to be listed by October: NAREDCO Hindustan Times
India's first Small and Medium Real Estate Investment Trust (SM-REIT) is expected to be listed on stock exchanges by the month of October. This will enable small investors to own a share of rent-yielding real estate by investing as low as ₹10 lakh, according to G Hari Babu, president, NAREDCO, a body of real estate developers. Addressing a webinar on April 3, Babu said that the launch of the first SM-REIT may happen by September-October.
