Search

Real estate sector seeks Rs 1.25 lakh cr stress fund

The National Real Estate Development Council (NAREDCO), an industry body, is seeking an estimated Rs 125,000 crore via many Housing Finance Corporations (HFCs) and Non-Banking Financial Companies (NBFCs) who they say are ready to establish such stress funds for the ailing real estate sector. According to the body, this will allow for faster sanctions and appraisals.

Rajesh Goel takes over as Director General of NAREDCO

The National Real Estate Development Council (NAREDCO) appointed Rajesh Goel as the new Director General of the real estate body which works under the Ministry of Housing and Urban Affairs.

Rajesh Goel takes over as Director General of NAREDCO

The National Real Estate Development Council (NAREDCO) appointed Rajesh Goel as the new Director General of the real estate body which works under the Ministry of Housing and Urban Affairs.

A Constructive Budget

The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.

Budget Reaction | House of Hiranandani

I would term it as a reform-oriented budget where the expenditure was well directed towards economic growth and development, especially in the rural areas. It also reflected the government?s concern and priority to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.

Digital Edition