New Delhi, May 14 -- Strata, one of India's largest fractional real estate platforms, has surrendered a crucial licence following a dispute with its builder-partner over a project in Tamil Nadu as well as allegations of a company executive impersonating a regulator.

The Securities and Exchange Board of India on Wednesday said Strata has surrendered its small and medium real estate investment trust (SM Reit) licence, and cautioned investors about the dispute over the company's project in Hosur.

Strata had not launched any SM Reit scheme under the licence, Sebi said in a post on social media platform X on Wednesday.







Investors are advised to exercise caution while dealing with Strata SM REIT as it surrenders it's SEBI Registration. ...