Dear all,
Recently, Finance Minister Mr Arun Jaitley gave approval for forming Real Estate Investment Trust (REIT). The concept is similar to a mutual fund, where in small investors pool money and a fund manager invests the fund into designated area. Here, a trust will be form, and the trust will pool money to fund real estate projects. This will help a builder (or a developer) as he will not have to borrow money from banks at a higher rate of interest.
I am sharing this link to Article in Mint news paper which was published on 11th July 2014. Go through it, and do a little bit of research. It has opened one more investment avenue for investors.
Recently, Finance Minister Mr Arun Jaitley gave approval for forming Real Estate Investment Trust (REIT). The concept is similar to a mutual fund, where in small investors pool money and a fund manager invests the fund into designated area. Here, a trust will be form, and the trust will pool money to fund real estate projects. This will help a builder (or a developer) as he will not have to borrow money from banks at a higher rate of interest.
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| Helping hand for real estate developers |
I am sharing this link to Article in Mint news paper which was published on 11th July 2014. Go through it, and do a little bit of research. It has opened one more investment avenue for investors.
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