FOPs slow to migrate under Sebi's new SM REIT norms; few registered

The migration of firms to the Securities and Exchange Board of India’s (SEBI) new Small and Medium Real Estate Investment Trust (SM-REIT) norms has been sluggish, with few companies completing the registration process. SEBI’s updated regulations are designed to enhance transparency and governance in the SM-REIT sector, but the slow adoption indicates potential challenges and resistance among market participants. Issues such as compliance costs, regulatory complexity, and market readiness may be contributing to the delayed transition. The slow pace of migration highlights the need for further guidance and support to facilitate smoother adoption of the new norms. This situation reflects broader market dynamics and the challenges associated with regulatory changes in the real estate investment sector.