REMFs will now be allowed to invest directly in real estate properties in India, mortgage-backed securities, and equity shares, bonds, and debentures of listed or unlisted companies which deal in properties. They can also invest in equities, bonds, and debentures of companies that undertake property development. REMFs will be governed by SEBI (Mutual Funds) regulations. The funds will start off as close-ended and the units will be compulsorily listed on the stock exchanges. Funds will also be required to declare the NAV of the units on a daily basis. The already booming realty sector in India is set to get a fresh push with SEBI’s decision. Realty funds in India were so far open only to high-net individuals. However, now that even small investors can buy a share in India’s hot property pie, the market is set to witness more depth and activity.