What law governs Trust/SPV fractional real estate platforms?

“Trust/SPV fractional platforms operate under the Indian Trusts Act, 1882. Additionally, they must comply with PMLA, 2002 for KYC and AML requirements, and the Income Tax Act, 1961 for tax deductions at source. For platforms using blockchain-based investor certificates, the Indian Evidence Act, 1872, Section 65B also applies.”