Valuation of real estate assets requires cost on acquisition, periodic fair valuation and daily NAV declaration.

Real estate assets in a real estate mutual fund scheme must be recorded at cost on acquisition and revalued at fair price periodically according to Schedule IXB; the asset management company, directors, trustees and real estate valuer must ensure good faith valuation and accounts in accordance with Schedule IXB and Schedule XI; NAV must be calculated and declared daily based on the most current valuations and accrued income.

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