As slowdown bites, real estate industry wants a 'stress fund' to help unfinished projects
Recently, industry body NAREDCO mentioned the need for a 'stress fund' before Finance Minister Nirmala Sitharaman. If the government agrees to float such a fund, it could become the last-mile capital for large unfinished projects
New Delhi Last Updated: August 20, 2019 | 17:38 IST
The stress fund could start with a corpus of Rs 2,000-3,000 crore, said Niranjan Hiranandani, Co-founder of Hiranandani Group.