PROPSHARE PLATINA
Regulatory framework introduced by SEBI in 2024
Propshare Platina
PROPSHARE PLATINA
Property Share has filed the draft offer document for its 1st scheme under the SM REIT registration
Period of Holding | Tax rates* |
---|---|
More than 12 months (LTCG) | 12.5% on gains exceeding INR 1.25 lacs |
Less than or equal to 12 months (STCG) | 20% |
Income recipient | Nature of income | Tax rates* |
---|---|---|
Resident unitholders |
Interest income Qualified dividend income Disqualified dividend income Any other income taxable in the hands of Scheme Any distributions other than the above |
At applicable tax slab rates^ Tax exempt At applicable tax slab rates^ Tax exempt Taxable once such distributions exceed the issue price of unit^ |
Non-resident unitholders |
Interest income Qualified dividend income Disqualified dividend income Any other income taxable in the hands of Scheme Any distributions other than the above |
5%^ Tax exempt At applicable tax slab rates^ Tax exempt Taxable once such distributions exceed the issue price of unit^ |
SM REITs have a distinctive single asset investment model that allows investors to choose cities and micro markets.
SM REITs | Regular REITs | |
---|---|---|
Choice of assets | Yes | No |
Investment strategy | Focused single asset approach | Portfolio of multiple assets |
Types of assets | 100% leased | Leased, under construction & land |
Under construction assets | Not permitted | Up to 20% of the value of REIT is permitted |
Size | Rs. 50 - 500 crores | > Rs. 500 crores |
Listed | Yes | Yes |
Hold period | 4-6 years | Long-term |
Minimum trading lot | Rs. 10 lakhs | One unit |
Related party transaction | Not allowed | Allowed |
Regulatory framework introduced by SEBI in 2024
Rental income + growth
5% / 15% mandatory investment by IM
Professional investment
team
Choice of asset, city & micro-market
Units listed on NSE
& BSE
Rs. 10 Lakh minimum investment size
Kunal Moktan, Co-Founder, Property Share, discusses the SM REIT regulation on a live panel discussion on CNBC
Evolving landscape for fractional ownership in India
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