Government’s real estate fund to benefit stalled projects : India Ratings - Zint Design
Says demand-supply imbalance likely to worsen The Government’s decision to set up a fund of Rs 25,000 crore to provide priority debt financing for the completion of stalled housing projects will provide relief to home buyers awaiting possession of the property. “However, with stalled projects coming on stream, the demand-supply imbalance is likely to worsen. And if overall housing demand does not witness a recovery, pricing pressure in the sector is likely to be exacerbated,” according to India Ratings. In addition, the fund would offer an alternate funding channel to net worth-positive projects that have been stalled because of operational