Rs 20,000 crore fund for stalled housing projects likely in 45 days: Report
NEW DELHI: The government of India is targeting to implement in the next one-and-a-half month its decision to set up a Rs 20,000-crore fund for those stalled housing projects that have neither been declared insolvent nor turned bad loans, sources said. To expedite the process, the finance ministry on Thursday held consultations with real estate […]
Need loan restructuring, lower GST, dedicated fund for stalled housing projects: CREDAI
NEW DELHI:Faced with liquidity crunch, realtors’ apex body CREDAI on Thursday sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of stalled housing projects. It also demanded reduction in the GST rate for under-construction homes at 8 per cent from the current 12 per cent, besides […]