The government announced Rs. 25,000 crore fund for stalled real estate projects. Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in this alternative investment fund (AIF) while country's largest lender State Bank of India (SBI) and state-run insurance company Life Corporation of India would jointly provide Rs. 15,000 crore, taking the total size to Rs. 25,000 crore. The fund will help over 1,600 stalled housing projects comprising 4.58 lakh housing units across the country, she said.

The government announced Rs. 25,000 crore fund for stalled real estate projects. Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in this alternative investment fund (AIF) while country's largest lender State Bank of India (SBI) and state-run insurance company Life Corporation of India would jointly provide Rs. 15,000 crore, taking the total size to Rs. 25,000 crore. The fund will help over 1,600 stalled housing projects comprising 4.58 lakh housing units across the country, she said.