TIWN

New Delhi, Aug 11 (TIWN) 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. Developers suggested the creation a stress fund for completion of stalled projects. The proposal was also put forward by home buyers in a separate meeting with the Minister during the day.
Speaking to reporters after the meeting, Niranjan Hiranandani, the President of National Real Estate Development Council (NAREDCO), said that the issue of ways to use stress funds for financing stalled projects was discussed in the meeting.
Jaxay Shah, President of Credai, said that the organisation had suggested the inclusion of financial institutions under the ambit of the Real Estate Regulatory Act (RERA) in order to aid the completion of stalled projects. The meeting also explored measures to promote rental housing in the country.
- Banks Move Toward Common Framework for Project Finance Lending
- Tata’s Boardroom Battle: Why Ratan Tata’s Death Changed the Equation
- Why Is Apple Making iPhone 18 Pro in India and Flying It to America? The Bigger Strategy Behind ‘Made in India’
- Foreign Investors Withdraw Nearly Rs. 3,000 Crore From Indian Equities
- Crude Oil Crosses $100, Raising Pressure on India's Economy


