A man stands inside a holiday villa. (Photographer: Adeel Halim/Bloomberg)
A tiny segment of India’s real estate market has been growing quietly during the pandemic. Lure of higher returns is drawing mostly rich investors to fractional ownership—buying a small part of an office property or a vacation home. But that comes with a higher risk.Such projects operate in a regulatory vacuum since India has not framed rules yet. And there are no standardised processes to rely on even five years after they were intr...