Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects
Move comes a day after Finance Minister Nirmala Sitharaman announced the government was readying more reform measures to boost economy
8:05 PM
Govt moves aimed at helping middle- and low-income housing projects that are stuck
8:05 PM
RERA-registered incomplete real estate projects to be assessed for net worth. The company executing the project must be net worth-positive to avail of funding
8:04 PM
Projects under NPA, NCLT proceedings can also get funding
8:03 PM
Govt to invest Rs 10,000 crore in the AIF. State Bank of India (SBI), Life Insurance Corporation (LIC) and others to also pool funds
8:00 PM
Govt announces Rs 10,000-cr AIF to help real estate projects
The Union Cabinet has cleared opening of a special window of alternative investment fund (AIF), with a govt corpus of Rs 10,000 crore. The move will enable the delivery of 1,600 low- and middle-income real estate projects that are stuck
7:59 PM
1,600 housing projects, with 458,000 housing units stalled
Finance Minister Nirmala Sitharaman says 1,600 housing projects, with 458,000 housing units, have been stalled
Topics : Nirmala Sitharaman Real Estate real estate companies Economic reforms Cabinet decision Real estate revival
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First Published: Nov 06 2019 | 7:46 PM IST