Business Standard

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

Image BS Web Team New Delhi
FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman. Photo: PTI

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

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First Published: Nov 06 2019 | 7:46 PM IST