Apartments and villas with a carpet area of up to 200 square metres, or around 2,150 square feet, will be eligible for funding from the Rs 25,000-crore fund to revive stalled real estate projects, the government said on Thursday. The floor area ceiling is in addition to the price ceiling to ensure that they benefit low and middle-income projects which have come to a standstill due to a liquidity crunch.
Apartments and villas with a carpet area of up to 200 square metres, or around 2,150 square feet, will be eligible for funding from the Rs 25,000-crore fund to revive stalled real estate projects, the government said on Thursday. The floor area ceiling is in addition to the price ceiling to ensure that they benefit low and middle-income projects which have come to a standstill due to a liquidity crunch.
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