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The much awaited package for real estate is here

Updated : September 16, 2019 11:01 AM IST

The main element is a Rs 10,000 crore stressed asset fund into which the government hopes to attract another Rs 10,000 crore from other entities like the LIC, NIIF, and private players.
Keki Mistry said the fund would do a world of good, but wanted projects that have turned NPAs to also be eligible.
The move may cheer up bank, housing finance and realty stocks on Monday, but any continued rally will depend on how quickly the fund is up and running.
The much awaited package for real estate is here
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