‘Investors should check credentials of the fund house before investing in REMFs’

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estate may come down little bit. This demand for real estate – commercial, hospitality and retail – is so large that I do not think that this will impact prices significantly. It will take some time to raise funds though REMF so that the price trajectory of the real estate can come up or down. Today, the real estate funding is through institutional framework, who are specialised in the real estate arena.

Do you think that foreign fund flow will enhance with the introduction of REMF?

The FDI for real estate is guided by the regulations. There are number of international funds which are looking for good opportunities which will continue. I do not think REMF will make any impact on the foreign fund flows.

How attractive is the REMF that the investors will prefer to invest in it and not in the physical real estate?

Minimum ticket size is less in REMF which can get exposure across the country. The legal due diligence and completion of the due procedure is too complex in physical real estate. And, the tax rates are also competitive in REMF compared to the physical form.

How safe it is to invest in the REMF?