Rs 25k-cr booster dose will revive stalled realty projects, say analysts

The much-awaited package for the real estate sector, announced on Wednesday, is expected to revive most of the stalled projects in Mumbai and the National Capital Region (NCR), thanks to a tweak in the proposal, say analysts. The Rs 25,000-crore fund can be used to revive projects that have been declared non-performing assets and even those than have landed up in the National Company Law Tribunal (NCLT).

The Mumbai Metropolitan Region and the NCR are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, respectively. About 55,000 units more are stuck in Tier-II cities.

“Almost 80