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2021-07-05

Economic Times - Several companies come up with AIFs to kick start stuck housing projects

Several companies come up with AIFs to kick start stuck housing projects. By Economic Times

By Faizan Haidar, ET Bureau | Last Updated: Jul 05, 2021, 09:58 AM IST

Synopsis
Most of the stuck projects are net worth positive and require funding to restart operations. The funds have finalised projects in NCR, Mumbai, Pune and Bengaluru.

Over two dozen stuck housing projects in the country are likely to be revived as several companies have created alternative investment funds (AIFs) to invest in them. The AIFs collectively have about Rs 2,000 crore for last-mile funding. Most of the stuck projects are net worth positive and require funding to restart operations. The funds have finalised projects in NCR, Mumbai, Pune and Bengaluru.

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