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Rs 25,000-crore realty corpus: Experts worry over implementation

According to experts, technical teams that will be evaluating and monitoring the unfinished projects will have to consider projects that are booked or at least have a significant chunk sold out

Nirmala Sitharaman
Premium

Finance Minister Nirmala Sitharaman

Arnab Dutta New Delhi
The alternative investment fund (AIF), approved by the Union Cabinet on Wednesday to cheer beleaguered real estate developers, may aggravate their pricing power in a subdued market, a Fitch group company noted in its report on Thursday.
 
India Ratings and Research (Ind-Ra), the local unit of American credit ratings agency Fitch, said timely completion of stalled and delayed projects might not only help homebuyers awaiting delivery and non-listed realtors wanting last-mile funding but also benefit real estate-focused non-banking financial companies and housing finance firms by reviving viable projects that were classified as non-performing assets (NPAs).
However, successful completion of

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