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Highlights
Buyers will get flats by February next year.
Four more builder projects expected to get money soon.
New Delhi: The Central government has sanctioned Rs 165 crore for the completion stalled builder projects in Greater Noida, that will fulfill the housing dream of 900 buyers, as per a newspaper report.
Under the project, to be completed in two phases, buyers will get flats by February next year. Four more builder projects are expected to get money soon, that will enabling in construction of about 2500 more flats, a Hindustan report said.
In order to give relief to homebuyers of stalled projects, a Special Window for Completion of Affordable and Mid-Income Housing (SWAMIH investment fund) has been created for funding stalled projects that are net-worth positive, including those projects that have been declared as Non-Performing Assets (NPAs) or are pending proceedings before the National Company Law Tribunal under the Insolvency and Bankruptcy Code. SWAMIH investment