Alt Targets Rs 20,000 Cr SM REITs in 3-4 Years, Says Kunal Moktan

• Alt (formerly Property Share) aims to launch Rs 20,000 crore worth of SM REITs (40 properties) over the next 3-4 years.
• The firm has already launched India's first two SM REITs, Propshare Platina and Propshare Titania, valued at Rs 750 crore.
• SM REITs offer higher yields (9%) compared to traditional REITs (5.5%), making them attractive to investors.
• The regulated nature of SM REITs addresses past mis-selling and governance issues prevalent in fractional ownership platforms.
• CBRE estimates a potential for 500 million sq ft ($75 billion) across various asset classes to be monetized through SM REITs.

Why It Matters: Alt plans to launch Rs 20,000 crore worth of SM REITs, highlighting high yields and regulated investment.