Real estate

Mumbai’s property market is having its busiest year in more than a decade, but the growth has become measured rather than explosive. Volumes are at record levels, prices are rising roughly in line with inflation, and buyers are trading up. With the RBI now raising rates, the next 12 months will reward selectivity.

Real estate is the largest single sector for AIF investment in India, according to SEBI’s June 2026 data. Yet “real estate fund” covers very different risk profiles. Some lend against a building that is almost finished; others own a share of a project that has not yet broken ground. Knowing where in that range a fund sits tells you most of what you need to know about its returns.