Real estate funds have been a promising investment and have grown at a fast rate. Before the implementation of GST, buyers of under construction properties had to cough up service tax, state value added tax (VAT) apart from stamp duty and registration for under construction properties. However, after GST, service tax and VAT have been subsumed with a flat 12% tax on the property price for the buyer. Besides this, developers can now avail input tax credit on construction material and services.

The implementation of GST and RERA are positive developments that will ensure only serious players, who are ready to comply with the new tax regime, continue to operate. The fund strategy is to Focus on residential projects at established locations.
Partnering with renowned developers with good execution abilities.
Undertake mezzanine investments with selectively investing under structured equity structure.

India Realty Excellence Fund is one of the hottest new options for investments in the market and a part of REF. These funds are locked down for Tier 1 cities, with major focus on residential areas. The intention is to create higher returns from these funds through structured transactions along with imperative mechanisms that will safeguard profit.

IREF has been introduced in I & II versions and have both closed. Currently, IREF III is up and running. IREF IV has also been launched with all the prior 3 funds winning category Awards year on year.