Not for Real yet ; Real Estate Funds Are Here, but Only for High Net Worth Individuals, Institutions and Corporates. Retail Investors Are Still Waiting for a Look-In.
Business Today › October 24, 2005
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Summary
It had to happen sooner or later. The Indian real estate sector has been on a roll for the past five years. Fuelling this boom is a happy combination of higher income levels and cheaper bank loans. Prices have been rocketing upwards, but short of buying an apartment or a shop-with all the attendant hassles of securing bank loans, getting the documentation in order and checking out the antecedents of the property concerned-individuals couldn't really cash in on this boom. That has now changed. In April, 2004, stock market regulator Securities and Exchange Board of India (SEBI) removed the sector from its negative category list for investment by venture funds. Following this, several real estate funds have been launched.
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Not for Real yet ; Real Estate Funds Are Here, but Only for High Net Worth Individuals, Institutions and Corporates. Retail Investors Are Still Waiting for a Look-In.
A real estate fund invests money raised from institutions and individuals in properties. For example, HDFC Proper...
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