Rs 25,000-crore realty corpus: Experts worry over implementation

According to experts, technical teams that will be evaluating and monitoring the unfinished projects will have to consider projects that are booked or at least have a significant chunk sold out

The alternative investment fund (AIF), approved by the Union Cabinet on Wednesday to cheer beleaguered real estate developers, may aggravate their pricing power in a subdued market, a Fitch group company noted in its report on Thursday.
 
India Ratings and Research (Ind-Ra), the local unit of American credit ratings agency Fitch, said timely completion of stalled and delayed projects might not only help homebuyers awaiting delivery and non-listed realtors wanting last-mile funding but also benefit real estate-focused non-banking financial companies and housing finance firms by reviving viable projects that were classified as non-performing assets (NPAs).
However, successful completion of