25,000 Crore Fund for Real Estate

01 Nov 2019 CW Staff

Given the above, an Alternative Investment Fund (AIF) where the Government contributes Rs 100 billion while SBI & LIC contribute Rs 150 billion has been initiated by the government to be managed by SBI Capital and targets 4.58 lakh residential units pending in 1,600 housing projects (value under Rs 2 cr in Mumbai, for Delhi/NCR, Chennai, Pune, Hyderabad, Kolkata at Rs 1.5 cr and under Rs 1 cr in other cities). Funds from the AIF will be released in tranches via an escrow account depending on the completion of the approved phase for RERA-registered projects.

Unsold inventories in 9 major cities stood at of 7,00,000 units. Of this total unsold housing stocks, 4,00,000 units were in the affordable segment.

Guest Author:
Mr. Pratap Padode,
Founder & Executive Director, First Construction Council
Linkedin: https://www.linkedin.com/in/pratappadode/
(FIRST CONSTRUCTION COUNCIL (a non-profit trust formed in 2003) aims to be the comprehensive source for all information needs of the construction companies and the industry's stakeholders, the catalyst for adopting best practices, the torchbearer for all policy initiatives needed to enhance the importance and welfare of the industry and be the industry's unified voice.)

News Source: https://economictimes.indiatimes.com/markets/stocks/news/rs-25000-crore-fund-real-estate-sector-may-finally-come-out-of-stress-say-experts/articleshow/71943409.cms

Considering banks have turned completely averse to funding real estate or infrastructure (ICICI has shut down its project finance division that funded infrastructure), the announcement of a Rs 250 billion fund is a lifeline. This should address most of the financial requirements (estimated to be Rs 550 billion to Rs 800 billion) of the stalled projects in real estate particularly those in the affordable housing segment. Funding from NBFCs has shown a 73% decline in the first half of 2019. Given the above, an Alternative Investment Fund (AIF) where the Government contributes Rs 100 billion while SBI & LIC contribute Rs 150 billion has been initiated by the government to be managed by SBI Capital and targets 4.58 lakh residential units pending in 1,600 housing projects (value under Rs 2 cr in Mumbai, for Delhi/NCR, Chennai, Pune, Hyderabad, Kolkata at Rs 1.5 cr and under Rs 1 cr in other cities). Funds from the AIF will be released in tranches via an escrow account depending on the completion of the approved phase for RERA-registered projects. Unsold inventories in 9 major cities stood at of 7,00,000 units. Of this total unsold housing stocks, 4,00,000 units were in the affordable segment. Guest Author: Mr. Pratap Padode, Founder & Executive Director, First Construction Council Linkedin: https://www.linkedin.com/in/pratappadode/ (FIRST CONSTRUCTION COUNCIL (a non-profit trust formed in 2003) aims to be the comprehensive source for all information needs of the construction companies and the industry's stakeholders, the catalyst for adopting best practices, the torchbearer for all policy initiatives needed to enhance the importance and welfare of the industry and be the industry's unified voice.) News Source: https://economictimes.indiatimes.com/markets/stocks/news/rs-25000-crore-fund-real-estate-sector-may-finally-come-out-of-stress-say-experts/articleshow/71943409.cms

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..