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A man’s home is his castle rings true whether you are a billionaire living in Juhu or a slum dweller living in the largest slum in Mumbai. Many people in humble occupations state that they think the house of the richest man in India is an eyesore; they may not prefer their dwellings over the most expensive house in the world, but they believe they own the best real estate in India.
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The entry of REIT gives many who have never had the resources to invest in realestate in India to be able to do so.
Many may not be able to afford a shop in a downtown Mumbai mall, yet they can profit financially when the value of such a shop increases.
This is possible if they invest money with a Real Estate Investment Trust. By tying their fate to the economic destiny of India, modest households can grow wealthy.