hBits Receives SEBI License for SM REIT, Set to Launch Small & Medium REIT IPO

Mumbai, April 9, 2025: hBits, a leading platform for fractional investment in commercial real estate, has received the official license from the Securities and Exchange Board of India (SEBI) to launch its Small & Medium Real Estate Investment Trust (SM REIT) — marking a significant milestone for the Indian proptech and fractional ownership ecosystem. The company plans to launch its maiden SM REIT IPO by June 2025. Over the next few weeks, hBits will also migrate its existing portfolio of premium commercial properties into the SM REIT structure.

This move marks the beginning of a new chapter for hBits as it seeks to democratize access to high-quality commercial real estate assets for retail investors. The SM REIT structure, governed by SEBI, is expected to significantly enhance transparency, compliance, and investor confidence in the emerging asset class of fractional commercial real estate ownership.

hBits is actively looking to acquire new premium commercial properties in prime commercial locations including in top 10 cities, with a goal to achieve Assets Under Management (AUM) of INR 2,000 Crore by March 2026.

With a community of 100,000+ registered users, 16 premium commercial assets, and strong investor traction, hBits has emerged as a trusted name in commercial real estate investing. The company recently raised INR 40 crore in its Series A round from Capricon Realty Pvt. Ltd., part of the Thackersey Group.

Shiv Parekh, Founder & CEO of hBits, said: “India’s commercial real estate sector has witnessed strong and consistent growth, especially in office spaces. With SEBI’s SM REIT regulations now in place, the path is clear to build a transparent, structured, and investor-friendly platform for fractional ownership in commercial real estate. Our goal is to create access to high-yielding, premium-grade assets across India’s top commercial hubs and provide retail investors with consistent income and long-term wealth creation opportunities.”