How Do You Set Up A Realty Trust?


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Akshay Kalbag answered
The word realty trust is defined as an organisation that has been set up according to the provisions of a statutory law which has been enacted by the government of a country to take control of the real estate which is held by a person or by a group of people.

The governments of every country in the world have enacted laws which stipulate how the realty trust must be set up. Realty trusts must be set up and run in compliance with the laws of the land. Since a trust is basically a type of non-profit organisation which is usually run with the intention of taking part in charitable activities, it should focus on fulfilling its obligations to the society, such as setting up houses for the homeless, rehabilitation of those whose homes have been razed in slum demolition drives, etc. A realty trust must have prominent builders on its panel in the capacity of office-bearers.

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