Explained: Why Fractional Real Estate Platform Strata Surrendered Its SM Reit SEBI License

Explained: Why Fractional Real Estate Platform Strata Surrendered Its SM Reit SEBI License

Strata, one of India's largest fractional real estate platforms, has surrendered a crucial licence following a dispute with its builder-partner over a project in Tamil Nadu as well as allegations of a company executive impersonating a regulator.

The Securities and Exchange Board of India (Sebi) on Wednesday said Strata has surrendered its small and medium real estate investment trust (SM Reit) licence, and cautioned investors.

What led to this suspension of license?

Watch Neil Borate explain the case!

#strata #reit #smreit

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