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Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can do as a home buyer.
According to the National Real Estate Development Corporation (NAREDCO), the fund also played a critical role in the growth of many ancillary industries in the real estate and infrastructure sector having successfully unlocked liquidity of more than Rs 35,000 crore.
Indian real estate employment grew to 7.1 crore in 2023, aided by housing sector expansion and government policies. Initiatives like SWAMIH Fund and RERA played vital roles, contributing to rising housing prices and sector growth prospects.
Get latest articles and stories on Latest News at LatestLY. Employment in the Indian real estate surged to 7.1 crore in the last calendar year from 4 crore in 2013, driven by healthy growth in the housing segment supported by several policy reforms by the Modi government, according to a joint report by Anarock and NAREDCO. Latest News | Over 3 Cr New Jobs Created in Real Estate Sector in Last 10 Years on Policy Reforms: Anarock-NAREDCO.
Nisus and SWAMIH Fund invested in Aliens Developers' projects, with Nisus focusing on structured capital. The SWAMIH Fund initiative, introduced by Nirmala Sitharaman, aims to address stalled housing projects.