hBits applies for SM REITs license with SEBI; aims first listing by Q3

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Fractional ownership platform hBits has applied for Small and Medium REITs (SM REITs) license with the Securities and Exchange Board of India (SEBI).

The company expects to receive the license in the next couple of months and plans to launch its maiden SM REIT offering in the third quarter of the current financial year.


Upon the launch of its first SM REITs, the platform will also subsequently migrate its existing properties into SM REITs over the next few quarters, the company said.

“We believe in the tremendous potential that commercial real estate has to offer to Indians and through SM REITs we aim to provide our investors with diversified, lucrative and regulated investment opportunities,” said Shiv Parekh, founder & CEO, hBits.


hBits has recently launched multiple assets in Pune. With this expansion, hBits aims to increase its total assets under management (AUM) to Rs 10,000 crore over the next five years. Currently, the company manages a portfolio of 14 properties across key cities, with an AUM of over Rs 365 crore.The company is focused on acquiring properties in premium locations across the country, targeting sectors such as premium office spaces, warehouses, and data centres among others
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