Both land and REITs have their strengths and weaknesses. Land is good for long-term wealth. However, it requires a significant investment and a high level of patience. But REITs offer you more liquidity and steady income.

So for your father, REITs are a more suitable and hassle-free option because of their liquidity and regular payouts.

You need the following documents to apply for a Mudra Loan:

Identity Proof: Aadhar Card, PAN Card, or Driving License. Mudra Loan Application Form. Address Proof. Business proof includes a business license or tax registration. Your business plan. Your income proof. Bank Statements Passport-size photographs.