July 23, 2020 9:23 PM

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Rs 8767 crore approved for 81 projects to enable completion of almost 60,000 homes across India

The Central government has stepped up its efforts for the revival of the real estate sector. In this connection, a fund of eight thousand 767 crore rupees was approved for 81 projects which would enable the completion of almost 60 thousands homes across India. These projects would also provide employment opportunities to various skilled and semi-skilled workers.<br />''<br />''Finance and Corporate Affairs Minister Nirmala Sitharaman today reviewed the performance of Special Window for Affordable and Mid Income Housing, SWAMIH investment fund. Ms Sitharaman suggested that both private and public banks, Non Banking Financial Companies and Housing Finance Companies should see the special window as a stakeholder and provide necessary support for early completion of stressed projects. <br />''<br />''The Minister directed the concerned departments to monitor the performance of the investment fund to ensure effective capital utilization for resolving of stressed projects.<br />''<br />''<span style="color: #222222;">These projects are spread across the National Capital Region, Bengaluru, Chennai, Pune, Lucknow, Surat, Dehradun, Nagpur, Jaipur, Nashik and other cities. Investments in 18 projects have been given final clearance and disbursement is at various stages across seven residential projects.</span>

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