Market Regulator SEBI today said real estate mutual funds can invest in properties located in million-plus cities and urban agglomerations.
Issuing a clarification, SEBI said the cities for investment by real estate mutual funds would include 35 cities in million-plus urban agglomerates and 27 under million-plus category as per the Census 2001.
Tuesday, May 6, 2008
Real estate MF can invest in million-plus cities: SEBI
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