The Hindu Business Line : Will REMFs deliver?

This has reference to the article “Will REMFs deliver?” (Business Line, May 1), wherein the author has elaborated on the guidelines given by the Securities and Exchange Board of India (SEBI) on the Real Estate Mutual Funds.

The real estate sector is dominated by the black money factor where cash transactions play an important role. Besides, the prices of the assets are customers and their needs, timing and funds specific and vary depending upon the situation whether a person is a seller or purchaser. Again, the valuation of an asset at any particular point of time would be almost a guessing game, as there will be no real sale. It will, therefore, be interesting to watch how the mutual funds sector will handle these issues.

If it is able to successfully tackle the same, the undue influences of the black money and the local politicians on this vital sector will be tamed.

P. E. Muthu Mumbai

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Nipping the tax bud from nursery income

Will REMFs deliver?

Thesis, anti-thesis