Real estate mutual funds were cleared by SEBI sometime back. Has any fund house launched, or is going to launch, such a fund?
The REIT (Real Estate Investment Trust) concept has been passed by SEBI. By buying the units of a REIT, investors can invest in real estate without owning physical property. But till now no fund house has launched such a fund. And none of the fund houses have filed an offer document for the same either.