Fractional ownership platforms in India have begun the process of registering under the new Securities and Exchange Board of India (SEBI) regulations for small and medium real estate investment trusts (SM REITs). Integrated co-working firm EFC (I) Ltd plans to create an investment manager entity to manage SM REIT assets and investments. Other platforms like Strata and WiseX are also taking similar steps.
The Guardian’s report exposes King Charles III for allegedly diverting tens of millions intended for charity, using ancient laws governing “bona vacantia” assets from deceased individuals. Documents from his inherited estates reveal redirection of funds to upgrade commercial properties, contrary to pledges for charity. These actions, condemned by acquaintances as “disgusting,” spotlight a pattern of profiting from archaic laws, prompting public outcry.
