Last-mile lenders’ interest crucial for revival of stuck home projects3 min read . Updated: 11 Nov 2019, 12:54 AM IST
- Need of the hour is to accord top priority status to last-mile funds as risk taken by them is higher than others
- About 1,600 projects with about 480,000 dwellings are unfinished for want of funds, leaving all stakeholders in distress
MUMBAI : The Cabinet approval for the creation of a ₹25,000 crore alternative investment fund (AIF) to revive scores of stalled housing projects aims to bring back confidence in the beleaguered housing market.
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