Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects
Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects
November 07 2019       Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects

In a major boost to Real Estate Sector, a Rs 25,000 crore stimulus package has been announced by the Govt. This is expected to revive over 1600 stalled housing projects covering 4.58 lakh units.

Of this, the Centre will infuse Rs 10,000 crores and another Rs 15,000 crores by LIC and SBI.
 
More investment is expected from sovereign and pension funds. All this will help in priority debt financing for completing stalled housing projects in the affordable and middle-Income housing sector.
 
For more, click here.