EFC (I) Ltd, through its wholly-owned subsidiary EFC REIT Private Limited, has received approval from the Securities and Exchange Board of India (SEBI) to establish EMBERSTONE SM REIT, a pioneering Small & Medium Real Estate Investment Trust (SM REIT). This marks the first SM REIT in India focused on managed office spaces, setting a new benchmark in the real estate sector.

A Transformative Milestone for Indian Real Estate

The SEBI approval, granted on October 29, 2024, enables EMBERSTONE SM REIT to initiate its first scheme, offering units valued at up to ₹500 crore. As the investment manager, EFC REIT Private Limited will oversee capital raised through this offering, strategically managing acquisitions and operations of commercial real estate assets.

This launch is a significant development for EFC Group, a leader in managed office spaces and India’s only fully integrated real estate service provider specialising in flexible and scalable office solutions. EMBERSTONE SM REIT expands EFC’s managed office space portfolio and substantially enhances its Assets Under Management (AUM), positioning the company for accelerated national growth.

Innovative Approach to Real Estate Investment

As India’s first SM REIT operated by a managed office space provider, EMBERSTONE SM REIT underscores EFC’s innovative approach. The REIT aims to create enduring value for investors and tenants by combining flexibility with high operational standards.

“EFC Group is committed to advancing a value-driven model that meets the dynamic needs of investors and tenants across India,” the company stated, highlighting the transformative potential of its newest venture.

Strong Financial Performance Bolsters Confidence

EFC’s launch of EMBERSTONE SM REIT comes amid remarkable financial growth. The company reported a 230.26% increase in net consolidated profit in Q2 FY25, reaching ₹36.56 crore compared to ₹11.07 crore in the same period last year. Total consolidated income also rose significantly by 72.93%, from ₹98.93 crore in Q2 FY24 to ₹171.08 crore in Q2 FY25.

This robust financial performance reflects the growing demand for flexible and scalable office spaces, further solidifying EFC’s position as a managed office and real estate investment sector leader.

Shaping the Future of Real Estate Investment

With EMBERSTONE SM REIT, EFC Group introduces a model that caters to evolving market dynamics while driving innovation in India’s real estate sector. By prioritising flexibility, operational excellence, and long-term value creation, the REIT aims to set new industry standards.

EFC’s initiative strengthens its market presence and paves the way for other players to explore similar investment opportunities, enhancing the overall growth and sophistication of India’s real estate investment landscape.