Wednesday, November 05, 2014

How can you buy property for Rs 2 lakh? REITs to help investors

If you have Rs 2 lakh to invest, your bank may roll out a red carpet, your stock broker may inundate you with hot tips and the friendly neighborhood jeweler may even offer a discount on making charges. However, you will probably get laughed out of the estate agent's office. Not anymore. With Sebi issuing final guidelines for real estate investment trusts (REITs), you will soon be able to get a piece of the action in the property market with as little as Rs 2 lakh.

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