 "real estate")
National Real Estate Development Council (NAREDCO), under the Ministry of Housing and Urban Affairs (MoHUA) has formed a Finance Committee (NFC) on the sidelines of NAREDCO 24th Annual General Meeting to enable developers easy access to funds based on merit and viability of the projects.
The Committee will operate as a one-stop-shop, aggregating financing options from multiple large financial institutions. Merchant bankers, Resurgent India Limited will be actively associated with the NFC, said NAREDCO in a statement.
The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings.
Rajan Bandelkar,
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