Real estate funds globally have a huge potential market and India being a growing domestic market, real estate funds are the new route for investments . In a significant move, the Securities and Exchange Board of India (SEBI) has approved guidelines for real estate mutual funds (REMF).
An REMF scheme means a scheme of a mutual fund which has the investment objective to invest directly or indirectly in real estate property . The scheme will be governed by the provisions and guidelines under SEBI (mutual funds) regulations. The structure of the REMFs, initially, will be close-ended and the units of REMFs will be compulsorily listed on the stock exchanges and Indian real estate market.
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