The cloud on real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern stating that REMF scheme notified by Sebi in April contradicted FDI norms was unwarranted. The finance ministry […]
Tag: REMF
SEBI Issued Guidelines For MF Real Estate Schemes
May 23, 2008 – 5:58 am
After being on the backburner for over 7 yrs, the Securities and Exchange Board of India (SEBI) has released draft rules for mutual funds real estate schemes, bringing a lot of relief to the MF industry. SEBI has given authorization to two types of real estate funds. While the first group is of real estate […]
Realty Investors May Get Exit Route
May 21, 2008 – 8:36 am
A few real estate funds are looking for ways to offer an exit route for investors. They are in talks with some of the PE investors who can buy out the assets. This is primarily a precursor to a second fund that is being planned. REMF not comes into this category. Sell the assets at […]
