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hBits, a Mumbai-based platform for fractional investment in commercial real estate, has received SEBI’s approval to launch its maiden Small & Medium Real Estate Investment Trust (SM REIT) IPO by June.

hBits to migrate its portfolio to SM REITs, giving retail investors access to top-grade commercial assets with up to 10% rental yield.

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After a 10-year delay, Unitech is set to restart six stalled projects in Gurugram’s Nirvana Country 2 from April 5.

Unitech to revive stalled Gurgaon projects affecting 1,073 units with ₹630 crore plan funded by buyer dues and unsold inventory.

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