A MATTER OF TRUST

Global City

On October 10, Securities and Exchange board of India (Sebi) released consultative guidelines for the operation of REIT, five years after delivering its first draft on the subject, in 2008.

Currently, individuals either have to invest in property directly, or through closed ended funds with a minimum transaction size of Rs. 1crore. With REIT you could invest with small sums, receiving proportional returns.

Once the Real Estate Investment Trusts come into effect, individuals can invest in property funds even with small sums of money.

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Real estate market: How to build India’s future cities

Real estate market How to build India's future cities

The main reason that the Indian real estate market finds itself in trouble today is that prices have become unaffordable, even for most professionals. The underlying reason for this is an artificial scarcity of land in our cities
The resultant shortage of land where apartments, offices and shops can be built inflates prices. Today, as demand starts to weaken across property markets countrywide, we need to think of ways to build really affordable real estate.

To know more: Real estate market: How to build India’s future cities

Mumbai’s Premier Real Estate group

Rustomjee has carved a niche for itself in the real estate sector and is today synonymous with innovation, customer satisfaction, transparency and developing luxurious, affordable and value for money projects.

Rustomjee was amongst the first developers to tap the massive redevelopment opportunities in a space-starved Mumbai and has successfully redeveloped many properties thereby providing residents with better infrastructure and state-of-art facilities. They have transformed the homes of thousands of families who now live in homes equipped with better security, more living space, landscaped gardens, swimming pools and gymnasiums, padded play areas for children and libraries. Each of their redevelopment projects is tailored with amenities chosen to enhance the living standard of people for a lifetime.

For more information on Rustomjee’s projects, visit: http://rustomjee.com/