SM Reits can invest in rentyielding commercial and residential properties. Investors receive quarterly rental income and capital appreciation when the property is sold after 4-6 years. Their units will be listed on stock exchanges, allowing investors an exit avenue.
Option to choose property
Each SM Reit can offer multiple schemes. "Investors can check out the property and invest if they like it. Such a choice is not available in a Reit, where the investment team chooses multiple properties," says Kunal Motkan, director, Propertyshare Investment Trust.
"SM Reits offer a broader investment base by investing in commercial and residential properties, reducing concentration risk," says Shobhit Agarwal, managing director and chief executive officer, Anarock Capital.
Promoters must invest 5 per cent of the capital, aligning their interests with those of investors.
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