According to official sources, the package for real estate industry would include additional funds for housing finance companies (HFC) and norm relaxation for developers seeking bank loans.
The government’s next tranche of stimulus is likely to feature decisions to help complete the stalled housing projects. Sources said that a corpus to the tune of around Rs. 8,000 crore is likely to be announced for stalled real estate projects.
Responding to the realty players’ demands of widening the ambit of affordable housing, the government is likely to increase the ambit of affordable houses from Rs. 45 lakh to Rs. 70 lakh