Finance Minister Nirmala Sitharaman has announced a big relief for the real estate sector. She stated that a decision has been taken for providing funds worth Rs. 10 thousand crores by the government for reviving the stuck housing project across the country.
In fact, the Finance Minister stated that this fund will be used to complete the stuck projects. So that those who have booked their houses get a home. An amount of 10,000 crores will be released initially under this fund.
Apart from this, the money will also be provided from LIC Housing and SBI. She stated that the total fund has been earmarked for 25 thousand crore rupees.