TABLE OF CONTENTS 1. Introduction; 2. Real Estate Sector - An Overview; 3. Factors Distinguishing Real Estate Assets; 4. Advantages and Forms of Real Estate Assets; 5. FDI in Real Estate; 6. Real Estate Investment Trusts (REITs); 7. Legal Perspective of REITs in Different Countries; 8. Types of REITs and Criteria for Evaluation of REITs; 9. Real Estate Mutual Funds; 10. Listed Property Trusts in Singapore; 11. REITs in US; 12. PIFs in UK; 13. REITs in India; (i) Real Estate Sector - An Overview; (ii) Characteristics of Real Estate Investment in India; (iii) Obstacles in Real Estate Investment Sector; (iv) Raising capital for Real Estate Investments; (v) Who can invest in India? (vi) Regulations governing income generated by Real Estate Investment; (vii) REITs Framework in India; (viii) Rationale for REMF in India; (ix) REMF Investment Framework; (x) Regulations and REMFs; (xi) Product Design of REMF; (xii) Issues for REMF; . (xiii) Risk factor and Investor Behaviour; (xiv) Valuation Process; (xv) Credit Rating of Developers and Projects; (xvi) Rapid growth of REITs; 15.Suggestions; Annexure I; Annexure II; Annexure III