was successfully added to your cart.

Government clears Rs 540 crore in stuck housing projects from stress fund

By 19/02/2020Posts

The government, which has set up a stress fund of Rs. 25,000 crore to revive the frozen housing projects, has completed investments exceeding Rs. 540 crores in some of the residential assets benefiting 1,800 domestic owners on Friday. Reported. In addition, 14 projects have been sanctioned with the right perseverance, which will require a financial infusion of Rs. 2,500 crores. More 40 transactions are under intense scrutiny

In November last year, the federal government announced a Rs. 25,000 crore fund to complete more than 1,500 housing projects, including the ones that were declared NPA (dysfunctional assets) or allowed to be lost. Also includes.

The measure will help 4.58 lakh housing units across the country. Those with the positive net worth will be funded only for RERA-registered projects.

“Special window destroys projects with capital commitment above Rs. 540 crores. The discounts were initiated, which would provide relief to 1800 home buyers and open the invested capital of Rs. 3,000 crore, “the finance ministry said on a single tweet.

“Further, 14 projects have been approved with a capital commitment of Rs. 2500 crores, which will provide relief to 10,000 home buyers and will release investment capital of Rs. 12500 crore,” it tweeted.

“There are more 40 contracts under a serious consideration for investment,” the finance ministry said.

However, the ministry has not released the names and developers of the schemes that received the sum of Rs. 540 crores from the stress fund.
A special window of Rs. 25,000 crores is in the form of Alternate Investment Fund (AIF). The centre pays Rs. 10,000 crores for this stress fund and the rest is the state insured, the ESI and the countrys largest lender, the SBI. SBI Cab manages AIF.

admin

About admin

Leave a Reply

 

This disclaimer (“Disclaimer”) will be applicable to the Website. By using or accessing the Website you agree with the Disclaimer without any qualification or limitation. Sankar Infra Projects (“The Company”) reserves the right to add, alter or delete material from the Website at any time and may, at any time, revise these Terms without notifying you. You are bound by any such amendments and the Company therefore advise that you periodically visit this page to review the current Terms.

No information given under this Website creates a warranty or expands the scope of any warranty that cannot be disclaimed under the applicable laws. Your use of the Website is solely at your own risk. This website is for guidance only. It does not constitute part of an offer or contract.

The particulars contained or the details mentioned in respect of the Projects / developments undertaken by the Company including depicting banners/posters of the Project/development. The contents are being modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and Rules made there under (“RERA”) and accordingly may not be fully in line thereof as of date. You are therefore, required to verify all the details, including area, amenities, services, terms of sales, payments and other relevant terms independently with the sales team/ company prior to concluding any decision for buying any unit(s) in any of our projects/developments. Till such time the details are fully updated, the said information will not be construed as an advertisement. To find out more about our projects / developments, please telephone our sales centers or visit our sales office and speak to our sales staff.

In no event will the Company, its management, its associate companies and /or its employees be liable for claim made by the users including seeking any cancellation for any of the inaccuracies in the information provided in this Website, though all efforts have to be made to ensure accuracy. The Company under no circumstances will be liable for any expense, loss or damage including, without limitation, indirect or consequential loss or damage, or any expense, loss or damage whatsoever arising from use, or loss of use, of data, arising out of or in connection with the use of this website.

This website is currently being updated. While enough care is taken by the Company to ensure that information in the website is up to date, accurate and correct, readers are requested to make their independent enquiry before relying upon the same. All content including brochures are purely for general informational purposes only. It is not meant to constitute an offer or solicitation. It is a Visual representation of the project shown on this site. No furniture or accessories shown in any of the visuals are provided with the unit. This website material does not constitute an offer and/or contract of any type between the Developer/Promoter/Owner and the recipient, all intending purchaser/s in any of the projects shall be governed by the terms and conditions envisaged under The Real Estate (Regulation And Development) Act 2016. Nothing on the website should be misconstrued as advertising, marketing, booking, selling or an offer for sale or invitation to purchase a unit in any project by the company/firm. The company/firm is not responsible for the consequences of any action taken by the viewer relying on such material/information on this website.

To find out more about projects/developments, please call +91 – 44 – 22330615 or visit our office during working hours and get in touch with authorized sales representatives of the Company.

})
Privacy Policy