what are real estate mutual funds? what is the scope of it in Indian market?

Answer 1

Go through the following link
http://www.personalfn.com/detail.asp?date=7/11/2005&story=4

Its really a very good link on "Real Estate Funds – What’s in it for you?"

It will clear many of your doubts.

Answer 2

Indian government and all state governments in India along with local Municipalities and Panchayats are comitted to land reforms both agricultural and industrial. Mutual funds in the absence of free market are dangerous. Small investors lose as real estate is owned by rowdies,goondas, encroachers,religious minorities and politicians.