GujaratiBirthdaySongs
More

    Government clears Rs 540 cr investments in stuck residential properties

    Must Read

    Vadodara police arrested the Tadpatri gang for their involvement in attacking the police and robbed the trailer

    Arrested six members of the gang with 22.88 lakhs items Vadodara crime branch...

    Hit by bird, GoAir plane’s engine catches fire during take-off at Ahmedabad airport

    The right engine of a Bengaluru-bound GoAir flight caught a "small" fire after a bird hit it at the...

    NADA bans javelin thrower Amit Dahiya for four years

    National Anti Doping Agency (NADA) has banned javelin thrower Amit Dahiya for four years for evading sample collection and...

    Union Government has cleared investments of over 540 crore rupees in some stuck residential properties that will benefit 1,800 home buyers.

    In November last year, the government had announced a 25,000 crore rupees fund to help complete over 1,500 stalled housing projects.

    In a tweet, Finance Ministry said, a preliminary clearance has also been given for due diligence to 14 projects with capital commitment of 2,500 crore rupees that will provide relief to 10 thousand home buyers. Another 40 more transactions are under active consideration.

    “Further, preliminary clearance has been given for due diligence to 14 projects with capital commitment of Rs.2500 Crores that will provide relief to 10,000 home buyers and release Rs12500 Crores of invested capital,” it tweeted.

    “Around 40 more deals under active consideration for investment,” the finance ministry said.

    The ministry, however, did not disclose the name of projects as well as developers who have received this Rs 540 crore amount from stress fund.

    The special window of Rs 25,000 crore is in form of alternative investment fund (AIF). The Centre is infusing Rs 10,000 crore into this stress fund, while the remaining being provided by state insurer LIC and the country”s largest lender SBI.

    - Advertisement - GujaratiBirthdaySongs

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    - Advertisement -

    Vadodara police arrested the Tadpatri gang for their involvement in attacking the police and robbed the trailer

    Arrested six members of the gang with 22.88 lakhs items Vadodara crime branch...

    Hit by bird, GoAir plane’s engine catches fire during take-off at Ahmedabad airport

    The right engine of a Bengaluru-bound GoAir flight caught a "small" fire after a bird hit it at the Ahmedabad airport during take-off on...

    NADA bans javelin thrower Amit Dahiya for four years

    National Anti Doping Agency (NADA) has banned javelin thrower Amit Dahiya for four years for evading sample collection and trying to cheat officials during...

    Sanitation workers working on contract with VMSS went on indefinite strike

    Demand to make them permanent stay away from the work on Tuesday morning Around 1200 sanitation workers working on contract...

    PM Modi meets rickshaw puller who sent him invitation for daughter’s wedding

    Prime Minister Narendra Modi on Sunday met Mangal Kewat, the rickshaw puller who had invited the PM to his daughter's wedding, during his visit...

    More Articles Like This

    - Advertisement -