Tuesday, February 19, 2008

Common man can now enter in Indian real estate

The common man can now enter real estate through the newly announced real estate investment trusts by Securities and Exchange Board of India. The alternative way to invest in real estate without physically owning immovable property will soon come true in the New Year. This scheme is a boon for the common man and the real estate players as it will bring more stability in the real estate market. This will be big opportunity not only to developers but also investors, as even the common man can participate in the growth and development of the housing sector. It is an additional window for funds in the real estate market. As a rule, the trusts have to reimburse 90 percent of the returns to the investors.