Alternative Investment Funds
On 6th November, 2019, the government approved the creation of an Alternative Investment Fund (AIF) consisting Rs. 25,000 crorefor housing projects in the country.It aims to provide last-mile funding for stalled affordable and middle-income housing projects across the country.
Eligibility Criteria
- All affordable and middle-income housing projects that are net worth positive and are registered with the Real Estate Regulatory Authority (RERA) and that have not been deemed liquidation-worthy will be eligible.
- Projects that have been classified as non-performing assets (NPA) and that are under National Company Law Tribunal (NCLT) proceedings also to be eligible for financing.
Key ....
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