Why SM-REIT regime is low

Quoted in today's Business Standard article on the limited number of Fractional Ownership Platform (FOPs) migrating to the SMREIT regime: "The low FOP application turnout under the SM-REIT regime may be attributed to lack of certain key relaxations they have been pushing for -- allowing related party transactions, relaxing mandatory listing requirements, reducing the minimum unit size for asset migration (as inter-se sale/purchase by existing investors or the trust mechanism outlined under SEBI FAQs could face backlash from the current investor base), permitting the use of distributors or internal client books for fresh issuance considering reluctance of incumbent merchant bankers, and accepting partial revenue-generating assets, at least as a one-time measure." Check out the full article here: https://lnkd.in/dmdGxaSr