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india economic growth: Why built environment sector will propel India's future growth

Synopsis
Unlocking new economic growth starts in construction and the journey ahead will encompass utilising new technology, finding private and public investment solutions and better education for a career in the built environment.
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We have the third-largest built environment sector after China and the United States, but probably the greatest number of market segments based on affordability in the residential real estate market.
Construction as a tool for growth during challenging times often drives new economic activity. India’s construction sector has a vast untapped potential for the whole country, with a marketplace that is growing in competitiveness and is supported by developers that are more willing to transform the way things are done. ....

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Govt's special fund for stalled housing projects to deliver 4000 flats this year

Govt s special fund for stalled housing projects to deliver 4000 flats this year
The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019.
(REUTERS)Premium
. Updated: 19 Feb 2021, 10:37 AM IST Bloomberg
The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019
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A 250-billion-rupee ($3.5 billion) fund set up by India’s government to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers. ....

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$3.5 Billion Housing Fund Set Up By PM Modi Starts to Pay Off

A 250-billion-rupee ($3.5 billion) fund set up by India's government to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers. ....

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India's $3.5 billion zombie-home experiment starts to pay off

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A $3.5 billion fund set up by India to complete stalled housing projects is set to deliver its first finished apartments in 2021, offering a template for a problem that has washed out savings of thousands of home buyers and bankrupted developers.
The fund will hand over some 16 projects or more than 4,000 homes in the financial year starting April 1, said Irfan Kazi, chief investment officer at SBICAP Ventures Ltd., the government-appointed manager of the alternative investment fund. The ‘Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects’ (SWAMIH) fund was announced in November 2019.
At the time, India had an estimated $63 billion of such stalled projects as an economic slowdown and a credit crisis cascaded through the sector. Builders were unable to service their loans, forcing banks to write off the debts and worsen what was already one of the world’s biggest bad-loan piles. Prime Minister Narendra Modi’s ....

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India's Rs 25,000 crore zombie-home experiment starts to pay off

India Business News: A Rs 25,000 crore ($3.5 billion) fund set up by India’s government to complete stalled housing projects is set to deliver its first finished apartment ....

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