SEBI Warns As Strata Surrenders SM REITs License: What Went Wrong & How Can It Impact Investors?

May 15, 2025 · 9 min read · KEY TAKEAWAYS Strata (now transitioned into Everstrat), a major fractional real estate platform in India, surrendered its SM REITs license just five months after receiving it from SEBI, without launching any schemes under the license. SEBI has issu...