Finance Minister Announces ₹20,000 Crore Last Mile Affordable Housing Package to Benefit 3.5 Lakh House Owners
The Finance Minister Nirmala Sitharaman on September 14, 2019, announced a slew of measures for the real estate sector to fund stuck housing projects and ease borrowing norms for lenders financing affordable home buyers. The Finance Minister announced a last mile ₹20,000 cr affordable housing package to benefit around 3.5 lakh home owners. The government will contribute around ₹10,000 cr to this fund on the lines of NIIF, while investors like LIC, private capital, sovereign funds, DFI will contribute the Continue Reading
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