NEW DELHI: With a focus on construction of unfinished units, Nirmala Sitharaman, finance minister, on Saturday announced special window to provide last mile funding for housing projects which are non-NPA and non-NCLT and are net worth positive in affordable and middle income category.
The government of India will contribute Rs 10,000 crore and roughly same amount will be contributed by outside investors. The fund will be set-up as category-II AIF trust and would be professionally run with experts from housing and banking sector.
The objective behind the move is to focus on the construction of unfinished units. This is part of a package of measures announced by the government to boost the housing sector.
The government of India will contribute Rs 10,000 crore and roughly same amount will be contributed by outside investors. The fund will be set-up as category-II AIF trust and would be professionally run with experts from housing and banking sector.
The objective behind the move is to focus on the construction of unfinished units. This is part of a package of measures announced by the government to boost the housing sector.
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