Fractional ownership platform Strata surrenders SEBI registration amid legal dispute

Strata, a fractional real estate platform, has surrendered its SM REIT registration with SEBI amidst a legal dispute involving its promoter and a Tamil Nadu-based realty developer. SEBI accepted the surrender, cautioning investors, while Strata intends to reapply for a license after the litigation concludes. The company asserts that existing investments and operations remain unaffected, despite the regulatory development.