Indian high-net-worth individuals are increasingly favoring Alternative Investment Funds (AIFs) for real estate investments, moving away from direct ownership. This shift is driven by the booming commercial market and the desire for professionally managed portfolios. AIFs offer attractive yields and eliminate the hassles of property management, making them a preferred choice for wealthy investors seeking strategic real estate exposure.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.