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          <h1>New Rules for Real Estate Mutual Funds: Close-Ended, Stock Exchange Listed, No Lending, Banking Channels Only for Transactions.</h1> Real estate mutual fund schemes must be close-ended and listed on a recognized stock exchange, with redemption allowed in a staggered manner. Unit holders do not have rights to use the real estate assets, and any contrary provisions are void. Title deeds must be held in safe custody by the fund's custodian. These schemes are prohibited from engaging in lending or housing finance activities. All financial transactions must be conducted through banking channels, prohibiting cash or unaccounted transactions.

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