Rs 25K cr booster dose a welcome move but insufficient for NBFCs: Experts

The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories.

Real estate developers such as Indiabulls Real Estate, Sobha, Oberoi Realty and Godrej Properties rallied up to 5 per cent in the opening deals on Thursday, a day after the Union Cabinet approved the setting up of a Rs 25,000 crore alternative investment fund (AIF) to revive around 1,600 stalled housing projects across top cities in the country. 

At 09:55 am, shares of Indiabulls Real Estate were locked in the upper circuit band of Rs 70.20, up 5 per cent on the NSE. Sobha was trading over 3 per cent higher at Rs 448 while Oberoi Realty was up over