Rs 25,000 cr AIF for stalled projects will boost homebuyers' faith: LIC HF

Firm hopes to disburse Rs 55,000 cr this year, up from Rs 48,000 cr last year, says MD & CEO Siddhartha Mohanty

The Central Government's decision to set up a Rs 25,000 crore alternative investment fund (AIF) to revive the stalled ousing projects across top cities in the country is expected to help improve the real estate market and instill confidence among homebuyers, said Siddhartha Mohanty, MD and CEO of LIC Housing Finance Ltd (HFL). The company is expecting to disburse around Rs 55,000 crore during this year, up from Rs 48,000 crore last year and the market is seeing signs of growth, he added.

Speaking to reporters on the sidelines of LIC HFL's exclusive housing property fair Ungal Illam 2019, Mohanty