The approval has been granted under the name ImpactR SM REIT.

Rudrabhishek Enterprises Gets SEBI Approval for Real Estate Trust IPO

Rudrabhishek Enterprises Ltd. (REPL), a consultancy firm specializing in integrated urban development and infrastructure, has secured approval from the Securities and Exchange Board of India (SEBI) for Small and Medium Real Estate Investment Trusts (SM-REITs).

The approval, granted under the name ImpactR SM REIT, makes it the second SM-REIT in India to receive this registration since the introduction of new regulations.

"We are preparing to launch our first Initial Public Offering (IPO) under ImpactR SM REIT soon. Going forward, we aim to diversify beyond traditional residential and commercial properties, exploring asset classes like warehousing, hospitals, hotels, and industrial spaces," said Pradeep Misra, Chairman and Managing Director of REPL.

SEBI issued regulations for SM-REITs on March 8, 2024, to provide a clear framework for Fractional Ownership Platforms and encourage greater participation in real estate investment. With this registration, REPL will serve as the investment manager for ImpactR SM-REIT.

Misra added that ImpactR SM REIT will offer structured, transparent investment opportunities, making real estate more accessible to a wider range of investors. He also highlighted the company's extensive experience in real estate and urban infrastructure, expressing confidence that this initiative will have a transformative effect on the industry.

REPL has experience in designing, developing, and managing various real estate projects, turning them into revenue-generating assets. The group has worked on projects ranging from residential and commercial properties to hospitals, hotels, and infrastructure like water supply systems, roads, and highways. REPL is also actively involved in government programs such as Smart Cities, Pradhan Mantri Awas Yojana, and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in various locations.