Real estate asset definitions set eligibility and exclusions for real estate mutual fund schemes and require accredited valuers. Regulation 49A defines a real estate asset as an identifiable immovable property within India or specified special economic zones that is fully constructed and usable, evidenced by valid title, legally transferable, free of encumbrances, and not subject to litigation, while excluding projects under construction, vacant or agricultural land, deserted or government restricted properties. It also defines a real estate valuer as a qualified valuer accredited by a credit rating agency registered with the Board.
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Provisions expressly mentioned in the judgment/order text.
Real estate asset definitions set eligibility and exclusions for real estate mutual fund schemes and require accredited valuers.
Regulation 49A defines a real estate asset as an identifiable immovable property within India or specified special economic zones that is fully constructed and usable, evidenced by valid title, legally transferable, free of encumbrances, and not subject to litigation, while excluding projects under construction, vacant or agricultural land, deserted or government restricted properties. It also defines a real estate valuer as a qualified valuer accredited by a credit rating agency registered with the Board.
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