Which gives the stable income: REITs or real estate?

[Dharma]

What investment avenues can provide a consistent income stream for ₹15 lakhs, keeping in mind my father's preference to avoid stocks but consider options like REITs or direct investment in property?

[Ritika]

For consistent income, REITs are a good option for rent and potential value increases. Direct investment in property requires active management.

There are some other options like the Senior Citizen Saving Scheme (SCSS), debt mutual funds, and RBI bonds. Investment in rental property is also a good option that provides you with steady income. Government schemes like fixed deposits and the Post Office Monthly Income Scheme will all provide fixed returns and also be risk-free.