Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
5 years, 2 months ago

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

Firstpost  

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, finance minister Nirmala Sitharaman said. Projects must be net worth positive to avail funds, percentage of completion not a criteria, @nsitharaman says in a press briefing pic.twitter.com/HR5ZrbeGIq — CNBC-TV18 November 6, 2019 Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund and State Bank of India and Life Insurance Corporation will also contribute Rs 15,000 crore, taking the total fund amount to Rs 25,000 crore. Sitharaman said there are over 1,600 stalled housing projects with 4.58 lakh homes to benefit from this fund. Sitharaman said that the fund will also help projects which have been declared non-performing assets by the banks or are facing insolvency proceedings provided their net worth should be positive.

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History of this topic

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months, 2 weeks ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
5 months, 2 weeks ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
5 months, 2 weeks ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Mumbai real estate news: Blackstone-backed ASK Property Fund invests ₹190 crore in Kalpataru's project
5 months, 3 weeks ago

Mumbai real estate news: Blackstone-backed ASK Property Fund invests ₹190 crore in Kalpataru's project

Hindustan Times  

ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset and Wealth Management Group, has said that it has invested ₹190 crore in a upper mid-segment project being developed by Kalpataru in Borivali West, Mumbai. ASK Property Fund said that it has invested ₹ 190 crore in a upper mid-segment project being developed by Kalpataru in …

NeoLiv raises ₹300 cr in first close of maiden AIF for housing projects
9 months, 3 weeks ago

NeoLiv raises ₹300 cr in first close of maiden AIF for housing projects

Hindustan Times  

Residential real estate platform Neoliv said on March 14 that it has raised more than ₹300 crore in the first close of its maiden Alternate Investment Fund and that the funds will be deployed to develop middle-income residential properties in Mumbai MMR, Delhi NCR, and plotted opportunities in Tier 2 cities. Neoliv has raised more than ₹ 300 crore in …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
11 months, 1 week ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
11 months, 1 week ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
11 months, 1 week ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024
1 year ago

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024

Hindustan Times  

Real estate developers' body National Real Estate Development Council has recommended to the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing fund with a corpus value of ₹50,000 crore in the upcoming budget for the financial year 2024-2025, saying the move is expected to benefit both home buyers as well …

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities
1 year, 4 months ago

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities

The Hindu  

The announcement by Prime Minister Narendra Modi of a scheme to help the urban poor build houses in cities is a signal that the government is to undertake one more plan to address the problem of a shortage in urban housing. Even five months ago, its stand was that no new housing scheme had been envisaged following the extension of …

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited
1 year, 9 months ago

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited

Live Law  

Dua Associates advised and assisted SBICAP Ventures Limited's SWAMIH Investment Fund-I in its Rs 362 crore funding of Kashish Developers Limited for the Gurugram-based residential project – Manor One. The transaction was completed in late February 2023 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year. The Kashish developers project along with the …

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose
1 year, 10 months ago

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose

Hindustan Times  

The Special Window for Affordable and Mid-Income Housing investment fund has completed over 20,000 homes worth ₹12,000 crore since the initiative was launched in 2019. SWAMIH fund completes over 20,000 homes since its inception. Launched in November, 2019, with an objective to complete stressed and brownfield properties registered under Real Estate Regulatory Authority, SWAMIH investment fund is a government-funded initiative …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
1 year, 11 months ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?
1 year, 11 months ago

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?

News 18  

The Indian housing sector did reasonably well in 2022. The budget could include increased funding for the Pradhan Mantri Awas Yojana, a government programme that provides affordable housing to the urban and rural poor. Announce tax incentives Under Section 24 of the Income-tax Act of 1961, homebuyers can currently claim an income tax deduction for the interest paid on their …

Dua Associates Advises SWAMIH Investment Fund I For Its Rs 90 Crore Funding Of Nav Grih Developers Private Limited For Meerut Project
2 years, 4 months ago

Dua Associates Advises SWAMIH Investment Fund I For Its Rs 90 Crore Funding Of Nav Grih Developers Private Limited For Meerut Project

Live Law  

The affordable housing segment has been among the front-runners in terms of growth in the real estate sector. Dua Associates advised and assisted SBICAP Ventures Limited as the investment manager of SWAMIH Investment Fund I, in relation to its funding of Nav Grih Developers Private Limited for the stalled real estate Project Sikka Krissh Greens located in, Meerut, Uttar Pradesh. …

Puravankara launches ₹750 cr fund to invest in affordable housing projects
2 years, 8 months ago

Puravankara launches ₹750 cr fund to invest in affordable housing projects

Live Mint  

Purva Asset Management Pvt Ltd, a subsidiary of real estate firm Puravankara Ltd, has launched a ₹750 crore alternative investment fund, to invest in affordable housing projects as well as plotted developments. The Category II AIF Purva Real Estate Fund, which recently got the mandatory Sebi approval, will be managed by Purva Asset Management, and the first fund scheme is …

Project proposals for over 60,000 houses approved under PMAY(U): Govt
2 years, 10 months ago

Project proposals for over 60,000 houses approved under PMAY(U): Govt

Live Mint  

Project proposals for over 60,000 houses were approved for construction under the Pradhan Mantri Awas Yojana in Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan, the Ministry of Housing and Urban Affairs said on Tuesday. Earlier this month, Finance Minister Nirmala Sitharaman during the Budget presentation announced an allocation of ₹48,000 crore to build eight million houses. “The total number …

Nirmala Sitharaman Says One Development Financial Institution Not Enough, Will Have Private DFIs Too
3 years, 11 months ago

Nirmala Sitharaman Says One Development Financial Institution Not Enough, Will Have Private DFIs Too

News 18  

Hours after announcing a Centrally setup development financial institution as part of her Budget speech on Monday, Finance Minister Nirmala Sitharaman told Network18 Editor-in-Chief Rahul Joshi that the Centre will soon have provisions to get more private DFIs. In an exclusive interview with CNN-News18, Sitharaman said, “One development financial institution is not enough for aspirational India. Seeing demand for development …

A look at the winners and losers of Nirmala Sitharaman's Budget 2021
3 years, 11 months ago

A look at the winners and losers of Nirmala Sitharaman's Budget 2021

India Today  

Amid the sweeping economic distress triggered by the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, giving major emphasis to healthcare and infra sectors while leaving direct taxes unchanged. Here is a look at the gainers and losers from Budget 2021: WINNERS Healthcare Finance Minister Nirmala Sitharaman put health and well being as one of …

Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?
3 years, 11 months ago

Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?

India Today  

Affordable housing, tax deduction on home loan interest, debt financing for REITs and InvITs and boost to infrastructure in Union Budget 2021-22 are expected to be the biggest gains for the real estate sector in India. IndiaToday.in spoke to some experts from the real estate sector to understand what they think were the hits and misses of Union Budget 2021: …

‘Housing for all’ scheme gets ₹18,000 cr
4 years, 1 month ago

‘Housing for all’ scheme gets ₹18,000 cr

Live Mint  

Bengaluru: An additional outlay of ₹18,000 crore for Pradhan Mantri Awas Yojana, over and above the ₹8000 crore allocated in the budget, by finance minister Nirmala Sitharaman on Thursday may help in giving an extra push towards the government’s ‘housing for all’ mission. “ ₹18,000 crore will be provided over the Budget Estimates for 2020-21 for Prime Minister Awas Yojana …

Finance Minister announces ₹18,000 crore additional outlay for urban housing scheme
4 years, 1 month ago

Finance Minister announces ₹18,000 crore additional outlay for urban housing scheme

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday announced a ₹18,000 crore additonal outlay for the urban housing scheme to help complete real estate projects that would create jobs and boost the economy. She said the ₹18,000 crore would be provided over and above the Budget Estimates for 2020-21 for the Prime Minister Awas Yojana through additional allocation and extra budgetary resources. …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 1 month ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

Create dedicated fund for street vendor loans: microlenders’ body
4 years, 7 months ago

Create dedicated fund for street vendor loans: microlenders’ body

The Hindu  

The industry body for micro-finance institutions, Sa-Dhan, has requested Finance Minister Nirmala Sitharaman to set up a dedicated fund for loans to street vendors under the MUDRA scheme. The Finance Ministry had announced a scheme for street vendors that proposes bank credit facility for initial working capital up to ₹10,000 for each vendor. “With a view to ensuring timely roll-out …

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure
4 years, 7 months ago

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure

Firstpost  

Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure In a move to strenghten infrastructure in agriculture, Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. 1 lakh crore will be provided for funding Agriculture Infrastructure …

Coronavirus lockdown | Rental housing and support for small businesses, vendors and farmers: Nirmala Sitharaman
4 years, 7 months ago

Coronavirus lockdown | Rental housing and support for small businesses, vendors and farmers: Nirmala Sitharaman

The Hindu  

The Centre will help create affordable rental housing for the urban poor and provide relief worth ₹1,500 crore to small businesses through an interest subvention scheme, apart from extending credit for street vendors, farmers, and middle-class housing. Affordable housing Noting that migrant workers and other urban poor face difficulties in finding affordable housing, the Finance Minister said a scheme to …

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
4 years, 8 months ago

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

Firstpost  

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects. Mumbai: With the number of ‘stressed’ real estate projects likely to increase due to the ongoing lockdown, global consultancy firm EY has recommended doubling of special stress fund to Rs 50,000 crore to provide liquidity …

Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS
4 years, 9 months ago

Sitharaman announces ₹ 1.7 lakh crore economic package to blunt COVID-19 impact | BIG TAKEAWAYS

India TV News  

Finance Minister Nirmala Sitharaman on Thursday announced a Rs 1.7 lakh crore economic relief package for those hit hardest by the coronavirus outbreak in the country. The stimulus includes Rs 50 lakh per person insurance cover for doctors, paramedic, healthcare workers dealing with the deadly virus as well as 5 kg wheat or rice and 1 kg of preferred pulses …

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?
4 years, 11 months ago

Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?

Firstpost  

When evaluating the Budget it is important to ask as to what exactly is the policy supposed to address. First on the prudential side, the government has stuck to the FRBM path and overtly stated that the revised number of 3.8 percent for FY20 is 0.5 percent away from what was targeted at 3.3 percent and hence is within the …

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations
4 years, 11 months ago

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations

The Hindu  

Union Finance Minister Nirmala Sitharaman’s second Budget speech on February 1 sought to make up in length and breadth for what it couldn’t deliver in the form of an effective stimulus for India’s fast-slowing economy. Watch | Highlights of Union Budget 2020-21 Taking a cue from the Economic Survey, which dwelt at length on India’s ancient economic prowess, Ms. Sitharaman …

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget
4 years, 11 months ago

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget

India Today  

Finance Minister Nirmala Sitharaman will present her second budget for the next fiscal year starting April 1, 2020, at a time when several issues are plaguing the economy. Economists have unanimously asked the government to focus on spending in key sectors like infrastructure and also provide tax breaks to middle class for boosting demand. Rebuilding real estate Since the real …

Budget 2020: Why reviving real estate holds key to boosting growth
4 years, 11 months ago

Budget 2020: Why reviving real estate holds key to boosting growth

India Today  

India's real estate sector has been witnessing a prolonged period of weak sales, resulting in a sharp decline in its contribution to the country's Gross Domestic Product. Rebuilding Real Estate | India Today Insight Despite the government's measures to revive the ailing sector, there has been no positive outcome with just marginal growth of one per cent in 2019. "Some …

Property market set for modest lift from government measures: Analysts
5 years, 1 month ago

Property market set for modest lift from government measures: Analysts

Live Mint  

India's housing market, burdened with unfinished projects as developers struggle to get cash, is forecast to rebound modestly over the coming year on government plans to unclog the market, a Reuters poll of analysts found. Financing options, including banks and non-banking financial companies, have dried out and investors prefer commercial real estate," said Anuj Puri, chairman of ANAROCK Property Consultants, …

Will govt’s rescue plan get you closer to your dream home?
5 years, 1 month ago

Will govt’s rescue plan get you closer to your dream home?

Live Mint  

In what seems to be a course correction, more than a month after announcing an unpopular real estate relief package, the government has come up with a funding plan that may give respite to lakhs of homebuyers stuck in stalled projects. The government’s proposed alternative investment fund, worth ₹25,000 crore, is expected to provide last-mile funding to stalled projects across …

Is the government's bailout package for real estate enough to revive the sector?
5 years, 2 months ago

Is the government's bailout package for real estate enough to revive the sector?

India Today  

Much in line with the announcements made by Union finance minister Nirmala Sitharaman in September, the cabinet on November 7 approved a Rs 25,000 crore special window to provide funding to stalled housing projects in a bid to revive the sector. "The funds will be used to provide priority debt financing for the completion of stalled housing projects in the …

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects
5 years, 2 months ago

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects

Firstpost  

New Delhi: Realty stocks closed up to 8.2 percent higher on Thursday after the government approved a Rs 25,000 crore fund for 1,600 stalled housing projects, which is expected to jumpstart consumption and give a boost to real estate and allied sectors. “On the domestic front, the measures announced by the Finance Minister yesterday helped revive interest in real estate …

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt
5 years, 2 months ago

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt

Firstpost  

A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme New Delhi: A day after announcing a Rs 25,000-crore stress fund for stalled housing …

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
5 years, 2 months ago

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors

Firstpost  

The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment The improvement in the World Bank Doing business rank is just a statistic, but sounds good in the global context. The decision taken to create an Alternative Investment Fund for Rs 25,000 …

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector
5 years, 2 months ago

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector

Business Standard  

In a cabinet meeting, on Wednesday, Finance Minister Nirmala Sitharaman approved setting up of a Rs 25,000-crore alternative investment fund to revive around 1,600 stalled housing projects across top cities in the country. At present, the Mumbai Metropolitan Region and the National Capital Region are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, …

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers
5 years, 2 months ago

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers

Firstpost  

Deloitte partner Rohinton Sidhwa said getting stalled real estate projects moving through government- New Delhi: Real estate developers welcomed the government’s move to create a Rs 25,000-crore fund to help complete over 1,600 stalled housing projects, saying it will solve the long-pending problem of homebuyers. Now the only criteria for eligibility is networth positive projects,” real estate developers association CREDAI …

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail
5 years, 2 months ago

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail

Firstpost  

The big relief to the home buyers and developers in Sitharaman�s announcement is that the fund can be availed by even those projects that are tagged as NPAs by banks The Union Finance Minister Nirmala Sitharaman’s announcement that the government will take the initiative to set up a Rs 25,000 crore Alternative Investment Fund to lend a helping hand to …

Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work
5 years, 2 months ago

Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work

Firstpost  

Union Finance minister Nirmala Sitharaman has hinted about specific measures to address the slowdown in the country’s real estate sector. Some time ago, the government had announced a dedicated Rs 10,000-crore special fund to provide last mile funding for the real estate sector. The persistently high prices in major pockets have severely impacted the prospects of the real estate sector. …

Nirmala Sitharaman hints at more sops for housing sector
5 years, 2 months ago

Nirmala Sitharaman hints at more sops for housing sector

India TV News  

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India are in the process of resolving the issues faced by the real estate sector. "The government is working together with the RBI to see how best we can tweak the existing norms wherever necessary to …

Govt announces steps to boost housing, facilitate homebuyers
5 years, 3 months ago

Govt announces steps to boost housing, facilitate homebuyers

The Hindu  

The government on Saturday announced a ₹10,000 crore special window to provide last-mile funding for completion of ongoing housing projects, which are not NPAs or facing bankruptcy proceedings under NCLT. Announcing the measure, Finance Minister Nirmala Sitharaman said the government will contribute ₹10,000 crore for the special window and roughly the same amount is expected from outside investors. Ms. Sitharaman …

Special ₹10,000 crore window to extend funding to incomplete housing projects
5 years, 3 months ago

Special ₹10,000 crore window to extend funding to incomplete housing projects

Live Mint  

Finance Minister Nirmala Sitharaman today announced a number of measures to boost the housing and export sector. This includes a ₹10,000 crore special window to extend funding to incomplete housing projects. In recent weeks, the government has announced a slew of measures, including front-loading of public expenditure, and improved access to credit for businesses and capital infusion into state-run banks …

Centre to make major announcements for real estate industry, stalled projects
5 years, 4 months ago

Centre to make major announcements for real estate industry, stalled projects

Hindustan Times  

After a slew of reform measures announced in the past fortnight, the Central Government is likely to come up with major announcements to boost the real estate industry this week. Earlier, the finance minister had met the stakeholders of the real estate sector including developers and home buyers. According to official sources, the package for real estate industry would include …

Sitharaman, real estate developers discuss liquidity issue, need for stress fund
5 years, 4 months ago

Sitharaman, real estate developers discuss liquidity issue, need for stress fund

Live Mint  

New Delhi: Finance Minister Nirmala Sitharaman on Sunday met real estate players and discussed ways to create demand in the country's real estate market The major subjects discussed in the meeting included liquidity problems and completion of stalled projects. Speaking to reporters after the meeting, Niranjan Hiranandani, the President of National Real Estate Development Council, said that the issue of …

Realty stocks down despite thrust on affordable housing in the Union Budget
5 years, 6 months ago

Realty stocks down despite thrust on affordable housing in the Union Budget

Live Mint  

Mumbai: Shares of realty companies were down despite thrust on affordable housing in the Union Budget. Finance Minister Nirmala Sitharaman in the Union Budget said the government plans to build 19.5 million rural houses in the second phase of its “Housing for All” programme. To further stimulate economic growth and accelerate corporate earnings, the government should also consider a reduction …

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