Centre's Rs 20k cr boost for stalled projects to benefit 3.5L homebuyers

Coming to rescue of 3.5 lakh distressed middle class homebuyers, the government has announced Rs 20,000 crore fund to help real estate developers complete non-NPA (non-performing assets) and non-NCLT (National Company Law Tribunal) projects stuck on account of "last mile" cash shortage. However, the scheme won't help buyers of Amrapali, Jaypee, Unitech properties as they are either facing bankruptcy or have been declared NPAs.

from Times of India https://ift.tt/2LwXIHO