INSUBCONTINENT EXCLUSIVE:
announced in the past fortnight, the central government is likely to come up with major announcements to boost the real estate industry this
week.According to official sources, the package for real estate industry would include additional funds for housing finance companies (HFC)
and norm relaxation for developers seeking bank loans.The government's next tranche of stimulus is likely to feature decisions to help
complete the stalled housing projects
the realty players' demands of widening the ambit of affordable housing, the government is likely to increase the ambit of affordable houses
from Rs 45 lakh to Rs 70 lakh.Further, announcements on the subvention scheme concerning housing finance are also likely to be made.On
August 23, Finance Minister Nirmala Sitharaman had announced that the National Housing Bank would provide an additional liquidity on Rs
20,000 crore to HFCs and the Minister had said that she would come up with announcement for the real estate sector including for stalled
projects soon.Earlier, the Minister had met the stakeholders of the sector including developers and home buyers, and a suggestion of Rs
10,000 crore stress fund was put forward to her for the completion of the stalled projects.Get Breaking news, live coverage, and Latest News
from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
