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No REIT As Yet

An investor wants to know if any fund house has launched, or is going to launch, a real estate mutual fund

Real estate mutual funds were cleared by SEBI sometime back. Has any fund house launched, or is going to launch, such a fund?
- Sumanesh

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.



This article was originally published on April 03, 2009.

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